KUALA LUMPUR: Headline inflation in Malaysia is expected to remain within the government's projected range of 2% to 3.5% for 2024, following the reform of diesel subsidies that began this month, a treasury official said on Thursday.
Diesel fuel prices in much of Malaysia rose by more than 50% on Monday as the government launched its long-promised effort to shift away from costly blanket subsidies towards a targeted approach that mainly helps low-income groups.
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