Inflation cools but concerns remain

Under control: A worker prepares a crate of chillies at a wet market in Selayang. Inflation in Malaysia is expected to remain modest in the early part of 2024. — Bloomberg

INFLATION will likely remain a core issue in 2024 for the Malaysian economy and global markets, with policy action driven by data, which is now pointing to a sustained cooling in price pressures on slowing global economic output projections.

Inflation in the country has been on the slide from highs for much of 2023 due to robust commodity markets and supply chains and cost pressures from higher interest rates.