How much have prices increased due to alleged flood disruptions?

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Price Increases Attributed to Flood Disruptions

Some traders have reportedly increased prices by more than 100 per cent, citing disruptions caused by recent floods as the reason for the surge. This alleged price hike has prompted calls for government intervention to protect consumers from what is being described as unethical trading practices.
Alleged Price Hikes by Traders

Traders have attributed price increases to the impact of recent floods on supply chains. Specifically, some traders have stated that vegetable prices have risen due to disruptions in supply caused by the adverse weather conditions. This situation has led to concerns among consumer groups about the legitimacy of these price adjustments.
Calls for Enforcement of Competition Act

The Muslim Consumers Association (PPIM) has urged the government to enforce the Competition Act 2010 to address the issue of unscrupulous traders raising prices unnecessarily. PPIM president Datuk Nadzim Johan emphasised the need for stern government action, stating that the new law must be enforced for the benefit of consumers. He highlighted that some traders had increased prices even before the implementation of the goods and services tax (GST).
Government Action and Consumer Protection

PPIM has called on the Domestic Trade and Consumer Affairs Ministry to identify and penalise traders who are exploiting the situation. This action is expected to be carried out through the Malaysia Competition Commission (MyCC), which is responsible for enforcing the Competition Act 2010. The association has indicated its intention to protest and launch a large-scale campaign if MyCC fails to take action, asserting that such measures are necessary to protect consumer rights.

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How much have prices increased due to alleged flood disruptions?

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