Even with Oil RM2.70 , Malaysia buying power are lower the Singaprean and Thais
As Malaysia government say, RM2.70 are just half way to the unsubsidized oil, the consumer see immediate price hikes on the food.
For example, I notice chicken rice shop in my usual eating place in SS17 has raise 30 cents, from RM3.50 to RM4.00. And other food stalls has patching an price increase notes. Now it is not about 10 cents increase, but 30-50 cents. Prepare for the worst.
Ironically, two ASEAN countries without the oil subsidies are still enjoy a much lower food price compare to Malaysian. One are Singapore, thanks to their stronger Singapore dollar, while another are Thailand, perhaps thanks to their strong agricultures.
If you happen to be in Bangkok city, you will be surprise with the food price there. The price of bigmac and KFC are almost the same price as McD/KFC in West Malaysia. Hawker stall food are par with KL food price. And the better part, 0 (Zero) fuel subsidies.
Now, the part of Klang valley food price are MORE EXPENSIVE than Bangkok are really puzzle me.