BANGI, April 2 (Bernama) -- The Ministry of Domestic Trade and Cost of Living (KPDN) said it has so far received no reports of sudden price hikes in the market, with food prices continuing to remain under control.
Deputy Minister Datuk Dr Fuziah Salleh said that the KPDN was keeping a close watch on prices of goods and services to ensure that consumers were not unduly burdened.
“We understand that global geopolitical factors affect costs worldwide, but the ministry monitors prices daily to ensure that no party takes advantage,” she told reporters after the closing ceremony of the National Level Young Entrepreneur Programme 2026 here today.
Fuziah said that the ministry continue engaging with industry players to obtain feedback and views on the current market situation.
Recently, the Malaysian Muslim Restaurant Owners Association (PRESMA) said that restaurant operators were facing an increase in operating costs of between 10 and 30 per cent due to global economic pressures.
Meanwhile, the Federation of Malaysian Hawkers and Traders Associations said that food prices could rise by up to 50 per cent due to increasing fuel and operational costs.
--BERNAMA
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