Headline inflation to be between 2% and 3.5% in 2024

Core inflation is also expected to moderate, but remaining above its long-term average.

PETALING JAYA: Headline inflation is expected to remain moderate amid contained cost pressures from easing global supply conditions.

Price pressures from tax changes and utility tariffs are assessed to have a marginal impact on headline inflation, according to the “Economic and Monetary Review 2023” report.