Malaysia’s Current Inflationary Pressures, Price Hikes Temporary — IDEAS
Malaysia’s Current Inflationary Pressures, Price Hikes Temporary — IDEAS
KUALA LUMPUR (Feb 16): The Institute for Democracy and Economic Affairs (IDEAS) believes that the inflationary pressures and price hikes that Malaysia is currently facing are temporary and can be effectively controlled through proper monetary and fiscal policies.According to the Department of Statistics Malaysia, the country’s inflation rate (as measured by the consumer price index) increased 3.2% year-on-year in December 2021, mainly due to the rise in food and fuel prices and the low base effect.