Inflation here to stay if consumers opt for more expensive goods, says Economy Minister

Malaysian consumers have a role to play in the fight against inflation starting by choosing cheaper options of goods they purchase, says Economy Minister Rafizi Ramli.

He said Malaysians are partly responsible for the rise in food prices for example with analysis of inflation data showing that a major factor behind steeper prices was the "inelasticity of demand", a situation where consumers continue buying the same amount of goods even as prices soar.

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