All eyes on inflation outlook

PETALING JAYA: The outlook for inflation is still choppy but elevated despite a drop in the headline consumer price index for September, with many economists pegging in a 25-basis-point interest rate hike in the final monetary policy committee (MPC) meeting for the year next month.

According to the Statistics Department that showed headline inflation has slowed down year-on-year (y-o-y) to 4.5% for September 2022, core inflation in turn picked up to 4% y-o-y compared with 3.8% in August.