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Study shows food, beverage price hikes unreasonable

PUTRAJAYA: Restaurant operators have no reason to implement up to 10 per cent increase in prices of food and beverages despite the price rationalisation of sugar and fuel since Dec 4, according to the Domestic Trade, Cooperatives and Consumerism Ministry.Its deputy secretary-general Datuk Daud Tahir said a price simulation exercise conducted recently also showed minimal changes in food prices, which was between 0.1 sen and three sen.

“We carried out a simulation with a consultant to see how much these prices will go up with the revised prices of sugar and fuel and it is not reasonable for them to impose higher prices for food and beverages,” he said here yesterday.
Daud said the price simulation included 64 types of food and beverages such as teh tarik, which involved a 0.8 per cent change from RM1.20 to RM1.21 while tea without milk cost one sen more, from RM1 to RM1.01, and items like roti canai kosong, roti jala and roti telur were affected by 0.2 sen to 0.3 sen only.

When asked if restaurant operators agreed with the simulated prices, Daud said the ministry would make the matter known to them during a meeting early next month.

BERNAMA.

Read more @ http://www.nst.com.my/nst/articles/04rioo/Article

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