“With higher input costs, a price increase of our products has been deemed unavoidable and therefore has already been executed. How high is Malaysia’s domestic and food inflation? With the elevated global commodity prices, MIDF also opined Malaysia’s inflationary pressure will be affected indirectly, especially via higher food inflation at 3.5% (initial projection is an increase of 2.3%). Russia’s invasion of Ukraine has caused global trade disruption and sent commodity prices higher. Global sanctions against Russian commodities and disrupted trade flows due to the war have caused shortages leading to higher prices.

Source: The Edge Markets June 02, 2022 12:07 UTC