‘Inflation remains moderate’

Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin(pic) said the country was on the right track to achieving the target based on its strong economic position.

PETALING JAYA: Inflation has remained moderate since the abolition of the goods and services tax last June, despite the sales and service tax being reintroduced.

Data from the Statistics Department showed that inflation, measured by the change in the consumer price index (CPI), rose at a slower-than-expected pace of 0.2% year-on-year (y-o-y) last December.