Public Investment Bank cuts Malaysia’s CPI outlook to 2.4pc, cites subdued start to 2025

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KUALA LUMPUR, March 24 — Public Investment Bank Bhd (PIVB) has lowered its 2025 full-year Consumer Price Index (CPI) for...

Further subsidy rationalisation on essential goods, potential electricity tariff adjustments in 2H 2025, as well as rising labour costs from mandatory Employees Provident Fund contributions for foreign employees and the multi-tier foreign worker levy could add to cost-push and demand-driven pressures on consumer prices, it added.

On Friday last week, the Department of Statistics Malaysia announced that headline CPI eased to 1.5 per cent y-o-y in February, down from 1.7 per cent in January.

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Category: EconomyBusiness

Markets: Malaysia

Topics: Consumer price index CPI Malaysia economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

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Article Type: News Report

Published On: 2025-03-24 @ 14:07:07 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

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News ID: 27368389

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