Malaysia's 2023 headline consumer price inflation expected to moderate - World Bank

KUALA LUMPUR: Malaysia’s headline consumer price inflation is expected to moderate to between 2.5 and 3.0 per cent in 2023, compared to 3.3 per cent estimated for 2022, mainly driven by the easing of global supply constraints and stabilising of commodity prices.

The World Bank said the forecast is premised on the assumption that the ceiling on retail fuel prices and price control measures on selected food items remain in place throughout the year, limiting cost pressures from the prevailing global oil and food prices.