The PriceCatcher app will continue to be improved with data-sharing on prices through the collaboration between the Domestic Trade and Cost of Living Ministry (KPDN) in Malaysia and 2 supermarket chains, Mydin and Redtick.
This initiative seeks to ensure transparency in transactions and business ethics to avoid price manipulation or profiteering at the expense of consumers.
Previously, the price data displayed in the PriceCatcher app was entirely sourced from field price monitoring officers, which limited the coverage area and the number of premises uploaded to the app. The signing of the MoU with the 2 supermarket chains enable automated data sharing to be displayed in the ‘Supermarket Price Sharing’ section.
The collaboration will serve as a benchmark for expanding the data-sharing initiative to other supermarkets and premises in future.
The PriceCatcher app previously displayed price information for 480 consumer goods, with daily updates for 186 items, weekly updates for 220 items, and monthly updates for 74 items. Almost 460,000 users nationwide uploaded the app, however active weekly usage rate is around 10,000.
