Inflation in Malaysia Stirring Concern

Cronies are taking over the supply chains

By: Murray Hunter

Over the past six months, the prices of everyday staples in Malaysia have risen sharply. The Bank Negara Malaysia (the central bank) reported that the consumer price index is rising at the fastest pace in 47 months, with the food component rising at a 3.2 percent annual clip.

It feels higher to consumers, with some markets beginning to s…