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Minister Says Malaysia's Inflation To Reach 7% In June, July

Jul 21, 2008
Story Timeline:  81 days

EDITOR'S PICK (RTTNews) - Monday, Malaysia's Second Finance Minister Nor Mohamed Yakcop said the nation's annual inflation could reach 7% in June and in July after the government hiked fuel prices. However, the minister stated that the rate of inflation for the whole year would not exceed 5%. Regarding the economic growth, the minister said the Malaysian economy is expected to grow 5% in 2008, following 6.3% growth in 2007. The economy had expanded 7.1% in the first quarter of the current year. by RTT Staff Writer For comments and feedback: contact... [read full story]                    

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Latest article on this story:

Malaysia inflation to average 4-5 pct in 2008-council

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