PUTRAJAYA, March 14- Minister of Domestic Trade and Cost of Living Datuk Armizan Mohd Ali stressed that the order mandating the display of medicine prices at service and health product sales premises is not intended to control medicine prices.
On the contrary, the measure is intended to provide consumers with access to price information so that they can make choices before making purchases.
"This order merely mandates the display of medicine prices so that the people have access to information and the right to choose. It is not intended to control medicine prices," he said.
According to him, the display of medicine prices is also seen as a measure to help curb the high medical inflation rate in the country.
Comparatively, Malaysia's medical inflation rate for 2025 is projected at 15 percent, higher than the Asia Pacific average of 10 percent and the global average of 11 percent.
He said this after attending the 2025 Consumer NGO Day program here today.
The display of medicine prices will be enforced through an order under the Price Control and Anti-Profiteering Act (AKHP) 2011 (Act 723).