Inflation rises slightly in October

Lau: Inflation has been under control for much of the year despite the adjustment to subsidies.

PETALING JAYA: Headline inflation measured by the consumer price index (CPI) rose slightly to 1.9% in October (1.8% in September), driven by higher food prices and despite declines in the transport and communication subsectors.

The CPI is, however, expected to average at 1.9% in 2024 and edge higher to 2.7% in 2025 due to geopolitical tensions and worsening climate impacts, compounded by domestic drivers such as broad-based salary increases and RON95 fuel subsidy rationalisation, says Kenanga Research.