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Article: Bread and noodles may cost 6pc more from next month
- Article from:
- The Malay Mail
- Article date:
- March 30, 2005
- Author:
CopyrightCopyright 2005 The Malay Mail. Provided by ProQuest LLC. (Hide copyright information)
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THE prices of wheat flour-based food products such as bread,
noodles and biscuits may increase by as much as six per cent, by as
early as next month due to a scheduled increase in flour prices by
April 1, an industry executive said yesterday.
A 22 per cent increase in flour price, will increase bread,
noodles and biscuit makers' costs by between five per cent and six
per cent, Mail Money was told. Flour is the main ingredient in the
manufacture of these goods.
The consensus was that manufacturers are unlikely to absorb the
cost, hence they will likely pass on the costs to consumers.
An increase in prices, will further add on to inflationary
pressure. Bank Negara Malaysia expects inflation to ...