High oil prices won’t affect inflation badly

UCSI University Malaysia assistant professor in finance Liew Chee Yoong

PETALING JAYA: Despite elevated crude oil prices, economists do not expect inflation rate to creep up significantly in the short term owing to subsidies and price control measures.

UCSI University Malaysia assistant professor of finance Liew Chee Yoong told StarBiz the elevated oil prices would have some impact on inflation but it will not be significant.