After the rounds of price hikes, the Domestic Trade and Consumer Affairs Ministry (KPDNHEP) said it expects the prices of goods to fully stabilise by January next year.
According to Bernama, Deputy Domestic Trade and Consumer Affairs Minister Datuk Rosol Wahid said the ministry is monitoring the situation and the found that the prices of goods has begun to stabilise with vegetables showing a drop in prices.
“The stable prices such as vegetables are due to several factors such as the weather in the production area has gotten better.”
“Besides that, the Malaysian Family Sales Programme (PJKM), which offers daily necessities at prices up to 20% cheaper than market price, and efforts to import frozen chicken are also among the factors prices are stabilising.”
“We expect by January or February (prices of goods) to stabilise again.” he said.
He said this after the launching of the PKJM at Seberang Prai Tengah District Mosque (SPT) in Perda. Also attended was the Penang KPDNHEP director Mohd Ridzuan Ab Ghapar.
Rosol said the PJKM programme was launched on 2 December by Prime Minister Datuk Seri Ismail Sabri Yaakob and it has been implemented in 15 parliamentary constituencies nationwide so far.
It was reported that the programme has generated a sales revenue amounted to RM423,844.
He said the programme will be conducted twice a month and they are receiving encouraging response from the public.
“As of yesterday, a total of 28,000 visitors had attended the programme to buy daily necessities such as chicken, fish, eggs, vegetables, cooking oil, sugar, flour and rice.” he said.
He added the programme conducted by KPDNHEP is a government initiative to help ease the cost of living of the people, especially among those with low incomes and to address the situation of rising prices of goods.
“The programme is implemented in all 222 parliamentary constituencies nationwide until March next year, and if there is a need after that, we may continue but even if the prices have stabilised we will continue to monitor the situation.” he said.