13/01/2025
Indian@Tamil Festival Price Hike Dillema.
A price hike refers to a significant increase in the cost of goods or services within a particular market or economy. It often occurs due to various factors such as inflation, changes in supply and demand dynamics, or shifts in production costs. When prices rise, consumers typically experience reduced purchasing power.
But for Malaysian Indian price hike during all speacial occusion are unacceptable.
During Pongal purchase recently, price hike over 50% of normal day price is unacceptable. The supply or demand for indians festivals are same all the years round. Its being unacceptable for festival price hike. Traders should realise that making profit over air during festival time will effect their buisness gradually over time where consumer will start to weigh option or alternative way.
