Weakening ringgit, politics affecting retail sector; prices may rise

Weakening ringgit, politics affecting retail sector; prices may rise
The weak ringgit is affecting the cost of goods due to higher import cost, according to Retail Group Malaysia (RGM) managing director Tan Hai Hsin. “Higher retail prices will be more apparent by the third quarter of this year. By then, Malaysian consumers’ purchasing power will decline further,” he told StarBiz.
PHOTO: The Star/ANN
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