23 Sep '13, 5am

MALAYSIA: Food prices have increased by "a fair bit" following the hike of diesel and RON95 petrol prices, a...

MALAYSIA: Food prices have increased by "a fair bit" following the hike of diesel and RON95 petrol prices, a...

Food prices have increased by "a fair bit" following the hike of diesel and RON95 petrol prices, a survey by the Federation of Malaysian Consumers' Association (Fomca) showed. For instance, the price of prepared wantan mee had gone up by 50 sen (S$0.19) to 60 sen, said Fomca president Datuk Marimuthu Nadason. He added, however, that the fuel price hike had not led to any increase in controlled-price items. "Our initial findings showed the rise in food prices is hefty. "The percentage of the increase in prepared food prices is more than the percentage of the increase in diesel and petrol," he told reporters at the presentation of prizes of the 2013 Consumerism Contest in conjunction with the 2013 National Consumer Month yesterday. Marimuthu said Fomca was still compiling data on the survey and would reveal more details next week. The Government recently announced a 20sen re...

Full article: http://www.soshiok.com/content/fomca-food-prices-fair-bit

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