Cuts not expected to drive up inflation


  • Nation
  • Friday, 16 Jul 2010

KUALA LUMPUR: The rollback in subsidies is not expected to cause a major spike in inflation and the impact on overall consumption will be minimal but the Government should ensure that profiteering does not become rampant, according to analysts and economists.

More importantly, they said the Government should enforce stringent measures so that food prices were kept in check to protect the interest of the lower and middle-income earners.

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