KUALA LUMPUR, Aug 25 — MIDF Research has maintained Malaysia’s Consumer Price Index (CPI) forecast at 3.0 per cent for 2023, despite the latest July data that it has cooled to...
KUALA LUMPUR, Aug 25 — MIDF Research has maintained Malaysia’s Consumer Price Index forecast at 3.0 per cent for 2023, despite the latest July data that it has cooled to 2.0 per cent.
“Also, a prolonged depreciated ringgit will also lead to higher imported inflation — particularly via food prices — as Malaysia is a net importer of most food products,” it said. Separately, AmBank Economic Research said at this point, it does not expect any significant changes in petrol prices with RON95 to stay at RM2.05 and diesel at RM2.15 per litre for the rest of the year.
The research house also said lingering uncertainties pertaining to inflation and overnight policy rate are expected to persist into 2024.
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