Inflation rate of country stands at 2%, says Johari

WEDNESDAY, JUNE 21 KUALA LUMPUR- Release of May 2017 Consumer Price Index at 1200 (0400 GMT) KUALA LUMPUR- Yang di-Pertuan Agong Sultan Muhammad V attends breaking of the fast and Tarawih prayers with Prime Minister Najib Razak, Deputy Prime Minister Ahmad Zahid Hamidi and cabinet ministers at Istana Negara at 1900 (1100 GMT) PUTRAJAYA- Prime Minister Najib Razak attends the memorandum of understanding signing ceremony on sukuk loan between Perbadanan PR1MA Malaysia and four banks at Banquet Hall, Level 3, Prime Minister's Office at 1300 (0500 GMT)

THE inflation rate for the country now stands at about 2%, some 18 months after the introduction of the Goods and Services Tax (GST).

Second Finance Minister Datuk Johari Abdul Ghani said the inflation rate was higher at 3.435% when the GST was first introduced in 2015.