Inflation likely to stay low

CIMB Securities lowered its 2024 inflation forecast from 2.3% to 1.9%.

PETALING JAYA: Headline inflation is expected to remain low for the rest of 2024, with higher inflation risks anticipated in 2025.

According to economists, the consumer price index (CPI) growth, a gauge of inflation, would likely stay around 2% for the remaining months of this year before rising on account of further subsidy rationalisation and other upcoming reform measures.