Subsidies in place to mitigate impact of inflation

Sunway University professor of economics Yeah Kim Leng said the escalation of prices especially commodities is affecting countries around the world.For Malaysia, Yeah said the government’s control on food and energy prices has helped to stabilise inflation.

PETALING JAYA: Malaysia is well positioned to weather the spike in inflation globally with the efforts by the government in terms of providing subsidies as well as having a ceiling price for some consumer goods.

Sunway University professor of economics Yeah Kim Leng said the escalation of prices especially commodities is affecting countries around the world.