Inflation may re-emerge on review of subsidies, but reforms much-needed - SERC

Socio-Economic Research Centre economist and executive director Lee Heng Guie - SHAARI CHEMAT/The Star

PETALING JAYA: The government’s intention to review price controls and subsidies in 2024 will affect the outlook for inflation and demand conditions in Malaysia as the country moves from transition and policy setting to implement promised reforms and policies.

Socio-Economic Research Centre economist and executive director Lee Heng Guie said inflation is expected to rise higher to between 2.8 and 3.5 per cent in 2024 from an estimated 2.5 per cent in 2023.