Malaysia: Inflation is seen at 2.8% this year – UOB – by pabspiovano Malaysia Inflation CPI Banks
UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting comment on the latest results from inflation figures in Malaysia.“Headline inflation decelerated for the fifth straight month to 3.7% y/y in Jan amid the implementation of the Festive Season Maximum Price Scheme for the 2023 Chinese New Year starting from 15 to 29 Jan. It marked the lowest reading since Jun 2022. The outturn matched our estimate and Bloomberg consensus.
“We expect inflation to average 2.8% in 2023 . Our inflation forecast has yet to impute any potential changes in domestic policy related to price-administered items particularly fuels, utilities and staple food product .
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