Economists: CPI likely to be on uptrend in 2024

HLIB Research expects inflation to be slightly higher going into 2024 at 2.6% compared with 2.5% for 2023.

PETALING JAYA: Economists are expecting the country’s headline inflation, as measured by the consumer price index (CPI) to rise this year.

This, they said, would be fuelled by the potential changes to domestic policies, higher food prices due to the El Nino effects, upside bias in crude oil prices and rising demand from improved economic growth prospects.