It has been slightly over one month since the GST was implemented on 1 April 2015. We highlighted in an earlier post that some infant formula, which should not come under the 6% GST, has in fact saw their prices increased by 4.6% to 7%.
A check on Tesco Malaysia online store has revealed the prices of these infant milk formula have thankfully returned to the pre-GST level. Interestingly, Morinaga BF infant formula has become cheaper, while Isomil Soya Milk Powder has unfortunately become more expensive.
Maternal and growing up milk powder also saw similar development with the retailer, Tesco, adjusting the prices of some products back to the pre-GST levels following a brief spike in early April 2015. It appears retailers are reassessing their prices to conform with government GST regulations and this is a positive development for consumers.