KUALA LUMPUR: Malaysia's inflation rate is expected to edge up to 3.4% for the first nine months of this year from 2.1% in the same period in 2013 driven by slower consumption as prices of consumer products have increased.
"You have less income to buy the goods. This would possibly lower the private consumption for the economy," he told reporters after a briefing session on "Rising East, Emerging West" today.
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