Malaysia’s Minister of Economic Affairs Rafizi Ramli said that the country’s inflation rate is expected to remain moderate this year, based what the economic data indicates for the next few months.

The Malaysian Minster confirmed in his remarks after the launch of the Invest Fair 2023 in Malaysia that the government is optimistic that the country would be able to meet its inflation target of between 2.8 percent and 3.3 percent in 2023.

Minister Ramli added that Malaysia would continue to focus on scaling up food production capacity at the local level, and that prices would be moderate.

Malaysia’s Minister of Economic Affairs said the country controlled inflation figures with 11 consecutive months of moderate inflation, focusing on a series of stabilization measures.

Source: Qatar News Agency