Inflation forecast to moderate

PETALING JAYA: The country’s inflation rate will be manageable and kept stable in 2024, underpinned by lower oil prices and the re-establishment of the balance between gross domestic product (GDP) growth and money supply, say economists.

The optimistic outlook pertaining to the rising prices for goods and services came on the back of encouraging data from the Statistics Department, which revealed that the headline inflation in the country had stayed at 1.5% for December 2023, and at 2.5% on average for the whole of last year.