KUALA LUMPUR: The Government expects the inflation rate to be 7% this month, due to the recent hike in fuel price and higher commodity prices, says Second Finance Minister Tan Sri Nor Mohamed Yakcop.
“We predict the inflation rate would be the same as last month at around 7% but it won't exceed 5% for the year,” he said at Perwaja Holdings Bhd's prospectus launch yesterday.
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