Finally some good news for the consumers. Prices of thousands of items are starting to come down following the reduction in energy prices. Hypermarkets are leading the way. Hopefully the restaurants and hawkers will follow suit.

When costs increased, businesses quickly raised their prices. For about 4 months, consumers had to adjust their lifestyles to cope with rising energy and food costs. It had looked like more people will fall into poverty.

Now when costs have come down, these businesses were slow in adjusting their prices downwards. Many gave the excuse to wait until the energy and commodities costs have stabilized first before readjusting their prices. Some said their suppliers have not reduced prices, hence they could not reduce their selling prices too. It seems like each one is waiting for the other to lower the prices before they will lower their own prices. Consumers have become angry and frustrated at these inconsiderate businesses.

The Government should study and implement a more efficient distribution of products such as agriculture produce. This would eliminate unnecessary middlemen, lowers distribution costs and minimize wastages.