The economist explained that out-of-home food prices are primarily driven by the quality of services, which is much harder to assess. theSun theSundaily economy prices stable economist investments
: Malaysia’s inflation may have peaked in line with the trend seen in the United States and the United Kingdom although prices will remain elevated.
“Theoretically, investments tend to go up as taxes come down. We rarely hear about investments in items that affect everyday goods and services we consume daily, so this scenario warrants a closer look,” he said, adding that wages must go up alongside rising prices. “Although aggressive tightening may yield lower inflation in 2023, the world may again suffer from cost-push inflation amid supply shocks, and demand-pull as wages and population grow. Investments, with a view to improving productivity, in these key areas have no substitute,” he stressed.Firdaos said the country’s inflation would likely come down in the coming months of 2023 in line with the moderating inflation rate seen in the US and the UK though taming it is far from over.
According to Firdaos, Malaysia’s Overnight Policy Rate would probably rise closer to its pre-pandemic levels in 2023 amid the widening policy rate and yield gaps. “Economists believe that inflation counteracts unemployment and correlates with policy rates. In simple terms, when inflation is high, unemployment is low and the policy rate tends to increase.
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