WEBINAR

2022-08-23

09:50 - 11:10

Event Abstract
Inflation in Malaysia climbed by 2.8% from May 2021 to May 2022, followed by a 5.2% increase in food prices. In addition, recent adjustments in subsidies and price caps for major price-controlled food goods, as well as a stronger-than-anticipated cost pass-through to consumers, will raise the inflation rate.
Today's inflationary surge is being felt not just by us but also by the majority of countries.

Why inflation is so high, and whether or not it will stay, is a hotly contested question. Most economists expect inflation to trend higher this year to reflect the rise in commodity prices and wages. The escalating oil prices are also adding pressure to Malaysia’s government fuel subsidy bill and raising the flag for the government to refocus on the fuel subsidy rationalization plan in order to manage the burgeoning subsidy bill and rebuild fiscal space to respond to future challenges.

In this session, our panellists from World Bank, Malaysia Institute of Economic Research, and The Economic Club Kuala Lumpur, will explore the significance of common inflation components, the mechanisms that have led to varying underlying price pressures, and their implications for the economy.

Registration Link: https://bit.ly/BeyondHeadlines2022

UOB Kay Hian

Others - N/A

Anywhere with good internet connection

English