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Malaysia's number of employed persons rose to a record high of 15.77 million in March 2022 from 15.73 million in the preceding month (February 2022) and 15.33 million a year earlier (March 2021) as more people got employed in the services, manufacturing and construction sectors in line with the country's Covid-19 vaccine-driven resumption of economic activities, according to the Department of Statistics Malaysia and economists. ....
Inflation in the Philippines likely sizzled and jumped above the upper end of central bank Bangko Sentral ng Pilipinas’ (BSP) two-to-four per cent target range of manageable price hikes last month. ....
Global inflationary pressures have risen in the eye of a perfect storm underpinned by supply disruptions, surging energy and commodity prices, and increased demand amid economic reopening. Back in Malaysia, most economists expect inflation to trend higher this year to reflect the rise in commodity prices and wages, but do not expect inflation to accelerate rapidly like in the US as domestic fuel subsidies limit the upside. ....
Notwithstanding softer inflation in February 2022, economists expect the consumer price index (CPI) to ratchet up over the next few months in view of signs of domestic inflation pressures building up from surging costs and improved demand as the economy reopens. ....