Lower inflation forecast for this year

Downward trend: A customer picks vegetables at a market in Perak. December’s inflation was primarily pulled down by slower food, transport and personal care price rises.

PETALING JAYA: The country’s sticky core inflation, which has burdened policy makers in the fight against rising price pressures, is expected to finally lose steam in 2023.

AmBank Research said the projected slower growth of private consumption in 2023 may result in a lower core inflation rate this year.