What inflation rate does AmBank Research predict for Malaysia in 2023?

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AmBank Research Forecasts Malaysia's 2023 Inflation Rate Between 2.5 and 3.0 Per Cent

AmBank Research projects that Malaysia's inflation rate will fall within the range of 2.5 per cent to 3.0 per cent for the entirety of 2023. This forecast is underpinned by observations of moderating demand-pull inflation and the ongoing effects of interest rate normalisation.
Headline Inflation Trends in 2023

Malaysia's headline inflation experienced a notable decline, reaching 1.9 per cent year-on-year in September 2023. This brought the year-to-date inflation figure for 2023 to 2.8 per cent, a decrease from the 3.4 per cent recorded during the same period in 2022.
Core Inflation Stagnation

Core inflation, which excludes volatile items and administered prices, remained stable at 2.5 per cent year-on-year in September 2023. On a cumulative basis for the year, core inflation stood at 3.3 per cent in 2023, showing a slight increase from the 3.0 per cent recorded year-to-date in 2022.
Factors Influencing Inflation Outlook

The research indicates that the continued modest inflation trend is expected to persist into the early part of 2024. This outlook is influenced by slower demand pressures and the lagged impact of monetary policy adjustments.

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What inflation rate does AmBank Research predict for Malaysia in 2023?

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