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  • Writer's pictureBait Al-Amanah

FMT : Economist sees ‘sustained price hikes’ as Malaysians struggle to stretch the ringgit

A little over a decade ago, RM100 was all Sundre Sadhu Singh needed for groceries, with change to spare.

These days, though, the purple bill – Malaysia’s highest denomination banknote – is nowhere near enough to cover the cost of what she needs. Bait Al Amanah research assistant  Yugendran T Kannu Sivakumaran told FMT. As the ringgit weakens, imported goods get more expensive, including items used to manufacture products.

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