Was the previous task force ineffective in controlling inflation?

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The Special Task Force on Jihad Against Inflation Was Deemed Ineffective

The Special Task Force on Jihad Against Inflation, established under the previous administration, has been discontinued due to its ineffectiveness in curbing the nation's inflation rate. Despite its establishment on June 29 last year with the objective of maintaining low inflation and food prices, the task force's efforts did not yield significant results in controlling the overall inflation trend.
Task Force Discontinued Due to Lack of Impact

The discontinuation of the Special Task Force on Jihad Against Inflation was officially announced, with the Deputy Minister of Domestic Trade and Cost of Living citing its failure to effectively reduce inflation. The task force, initiated by former Prime Minister Datuk Seri Ismail Sabri Yaakob, was intended to combat rising prices. However, observations indicate that the inflation rate has remained largely consistent from the previous year to the present, with only a marginal decrease in the rate of increase observed this year.
Inflation Rate Showed Little Improvement

An analysis of the inflation rate reveals that it has not significantly improved since the task force's inception. The rate has largely remained the same from last year until now. While there has been a slight reduction in the increase of the inflation rate this year, this was not deemed sufficient to warrant the continuation of the task force's operations, leading to the decision to discontinue its meetings and activities.
Establishment Aimed to Mitigate Price Hikes

The Special Task Force on Jihad Against Inflation was formally established on June 29 of the preceding year. Its primary mandate was to assist in maintaining inflation and food prices at low levels, thereby alleviating the burden of the rising cost of living on the populace. The task force was designed to coordinate efforts and implement strategies aimed at price stabilisation.

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Was the previous task force ineffective in controlling inflation?

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