Experts say the pandemic has led to cracks in the system that was already vulnerable in the first place, leading to price rises and slowing recovery, among others. When will it improve?
INFLATION is likely to make a comeback in 2021 after a deflationary trend this year as the Covid-19 pandemic supressed demand for goods and services.
Economists surveyed by Bloomberg are projecting a decline of 1.5% in November in the consumer price index (CPI), which measures the inflation rate, tracking last month’s reduction by a similar rate. For the period from January to October, the CPI decreased by 1%. The Department of Statistics Malaysia is set to release the inflation data for November next Wednesday.
A more subdued inflation pattern is expected in 2021, likely around the 1.5% to 2.7% range, which would be milder than the levels seen three years ago of around 3.7%.