Prices of goods to increase between 1 to 2pct only – Mydin boss

Mydin Mohamed Holdings Berhad (Mydin) managing director Ameer Ali Mydin expects the increase in the prices of goods in August to be around one to two percent only and not up to 20 percent as previously projected.

Ameer said sharp price hikes were unlikely because the ringgit has stabilised and that the trend was expected to strengthen further based on recent movements…