PUTRAJAYA: Malaysia’s inflation rate will be contained at about 2% to 2.5% for the next six to 12 months, as the price situation was still under control, Second Finance Minister Tan Sri Nor Mohamed Yakcop said. “I personally think the earlier range of 2% to 2.5% is still valid for the next six months to a year. I certainly don’t see 4%. I don’t see inflation moving up for the year,” he said, adding, however, the government would continue to monitor the price situation. Standard Chartered Plc had forecast in its research note on Jan 10 that Malaysia’s inflation rate would increase to an average of 4% this year from 2% previously due to higher food and fuel prices and escalating construction costs, after consumer prices rose 2.3% last November, the fastest pace in nine months.
(16-1-2008 The Edge)
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