Akmal Nasrullah says prices of food and essential goods in Malaysia remain stable despite global supply disruptions

Akmal Nasrullah says prices of food and essential goods in Malaysia remain stable despite global supply disruptions

KUALA LUMPUR, May 19 — Malaysia’s food and general goods prices have remained steady despite ongoing global supply chain disruptions and rising energy costs, said Economy Minister Akmal Nasrullah Mohd Nasir today.

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KUALA LUMPUR, May 19 — Malaysia’s food and general goods prices have remained steady despite ongoing global supply chain disruptions and rising energy costs, said Economy Minister Akmal Nasrullah Mohd Nasir today.

Speaking after the National Economic Action Council (MTEN) meeting, he said government monitoring and intervention efforts have helped curb wider inflationary pressure from affecting household spending.

He noted that the average prices of selected food items monitored between May 11 and May 17 fluctuated between -3.8 per cent and 4.7 per cent compared with the previous week, indicating overall stability.

“This shows that the government is fulfilling its role through continuous monitoring and intervention to ease cost-of-living pressures,” he said.

He also highlighted the launch of the Global Supply Crisis Monitoring Dashboard on May 15, which allows the public to track price and supply trends via the Economy Ministry’s website.

Akmal Nasrullah said Malaysia’s inflation rate rose slightly to 1.9 per cent in April from 1.7 per cent in March, but described the increase as manageable and mainly driven by transport-related costs.

He added that higher fuel prices, particularly diesel and RON97 petrol, were the main contributors due to global energy market uncertainties.

According to him, inflation has not yet significantly impacted core household expenses, with key categories such as food, beverages and housing remaining stable.

He said the government will continue focusing on food security, energy stability and price controls while addressing subsidy leakages and preventing unjustified price increases from being passed on to consumers.

He added that engagement with industry players, businesses and enforcement agencies will continue before any major policy decisions are made in response to the global supply situation.

Akmal Nasrullah said inflationary pressures had yet to spread widely across core household expenses, with major categories such as food and beverages as well as housing remaining largely under control. — Bernama pic

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Akmal Nasrullah says prices of food and essential goods in Malaysia remain stable despite global supply disruptions

KUALA LUMPUR, May 19 — Malaysia’s food and general goods prices have remained steady despite ongoing global supply chain disruptions and rising energy costs, said Economy Minister Akmal Nasrullah Mohd Nasir today.