The impact of raising the ceiling price for chickens, eggs and cooking oil on overall inflation is expected to be minimal since the weightage for these items is around 3.4% of the overall basket.But it will impact overall food inflation since it accounts for a 12.0% share.
MAY’S inflation data for Malaysia showed headline inflation rising by 2.8% while core inflation, which excludes volatile items and administered prices, increased by 2.4%.
Both the headline and core inflation have been on the uptrend since March this year, and expectations are for overall inflation to remain sticky in 2022.
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