Price rise likely in 2017 upon expiry of control act

Affin Hwang Capital, which is maintaining a

PETALING JAYA: Prices of some consumer products could likely rise next year although not too drastic upon the expiry of the price guidelines of the Price Control and Anti-Profiteering Act 2011 by the end of this month.

Affin Hwang Capital, which is maintaining a “neutral” stance on the consumer sector, said it believed there would be price increases upon the expiry of the guidelines but are unlikely to be too drastic as some of the companies under its coverage had already increased prices throughout this year.