KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) sees higher inflation ahead, fuelled by rising costs of food and fuel, and has raised its forecast for the average inflation rate of 5.8% for this year from the previous estimate of 5%.
The rating agency said on Friday that sharp increases in the sub-indices of transport and food and non-alcoholic beverages by 19.6% and 10% year-on-year were are expected to continue until year-end.
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