Malaysia's inflation expected to stay controlled between 1.5% and 2.5%

Malaysia's inflation rate is projected to stay within a manageable range of 1.5% to 2.5% for the current year. This forecast holds true despite ongoing global geopolitical uncertainties that could potentially drive up prices.

Datuk Akmal Nasrullah Mohd. Nasir, the Minister of Economy, stated that the government is committed to implementing mitigation measures. These actions aim to prevent significant price hikes from negatively affecting the national economy and the well-being of the people. He noted that April's inflation rate stood at 1.9%, which is considered manageable when compared to the global inflation projection of approximately 4.3%.

"Our commitment is to maintain inflation at a level we can handle, even with pressures arising from global factors like oil supply and increased input costs," Nasir explained. "Our projection for this year is for inflation to be within the 1.5% to 2.5% range so that its movement does not cause shockwaves to the economic situation and people's lives."

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Our commitment is to maintain inflation at a level we can handle, even with pressures arising from global factors like oil supply and increased input costs. Our projection for this year is for inflation to be within the 1.5% to 2.5% range so that its movement does not cause shockwaves to the economic situation and people's lives.

To further alleviate cost pressures, the government plans various interventions. These include targeted fuel subsidies and controlling logistics costs through the Subsidized Diesel Control System (SKDS). Additionally, the government is providing enhanced financing facilities via the Credit Guarantee Corporation Malaysia Berhad (CGC) and Bank Negara Malaysia to support the operational continuity of small and medium enterprises.

"All these interventions are to ensure economic activities continue to run while preventing cost increases from spreading widely to consumers," Nasir added. "However, if global uncertainties persist, inflationary pressures will intensify. That is why the government will continue to monitor current developments and take appropriate mitigation measures."

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All these interventions are to ensure economic activities continue to run while preventing cost increases from spreading widely to consumers. However, if global uncertainties persist, inflationary pressures will intensify. That is why the government will continue to monitor current developments and take appropriate mitigation measures.