Economy Ministry to focus on managing prices of goods

PUTRAJAYA – Managing the prices of consumer goods seen to have a direct impact on the cost of living is one of the main focuses of the Economy Ministry, said minister Rafizi Ramli.

He said two economy-related matters that are vital to people at the moment are the prices of goods and salaries.

“Some people are asking why the Economy Ministry is always talking about the prices of goods when the ministry is into big projects, 10-year projections, and so forth.

“These are often being talked about as they have the greatest impact on the people,” he told a press conference in conjunction with the release of the Consumer Price Index data for December 2022 here today.

He said if the opposition wants to continue to play up the issues of inflation and the price of goods, it would be up to an individual’s assessment.

“I’m confident Malaysians are smart enough. They know the figures and are able to compare what happened a year or two ago.

“That’s why efforts to manage the price of goods must be continuous and we need to communicate with the people from one month to the next so that they know we are trying our best with everything that we have.

“The only thing is certain matters can be dealt with immediately while others may take time,” he added. – Bernama, January 25, 2023