Higher wages necessary to boost consumption

Price factor: The Government expects inflation to be around 2.5 to 3.5 this year while Bloomberg consensus saw inflation increasing 2.7.

Consumer sentiments index remains below 100-point threshold

PETALING JAYA: Moderating inflation, after the jump in prices in 2017, may not necessarily mean that Malaysians’ purchasing power will improve as it will depend on how much wages are raised.