Maintaining inflation within the 2.0-3.0 per cent range is crucial for continued national economic growth, said Deputy Economy Minister, Datuk Hanifah Hajar Taib.
During the question and answer session in the Dewan Rakyat on Thursday (Oct 24), she said that the government will continue to monitor and ensure that the prices of essential goods remain stable and will provide subsidies if necessary.
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During the question and answer session in the Dewan Rakyat on Thursday (Oct 24), she said that the government will continue to monitor and ensure that the prices of essential goods remain stable and will provide subsidies if necessary.
WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline
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NewsTranscript
00:00The rate of inflation in August 2024 continued to decline, at 1.9% and remained below 2% since July 2023.
00:12However, the continued geopolitical tensions at the global level and the prospect of 2025,
00:19the expansion of the KDNK's rough exit into the country, which is expected to be even better,
00:26will put pressure on the country's inflation.
00:29The government will continue to implement various initiatives to reduce the costs of people's livelihoods
00:36which are affected by inflation.
00:38The short-term efforts that have been known must include, first, government cash assistance programs
00:46such as the Rahma Cash Fund, STR, and the Sara Lifestyle Fund, which will be continued with higher allocation in 2025.
00:56Fundamentally, inflation does not mean a steep decrease in prices,
01:02but it also refers to an increase in goods prices at a slower rate.
01:08Inflation at a controlled rate of 2% to 3% is very important for the country's economy to continue to develop.
01:17From an information point of view, do not forget that if it is a basic necessity,
01:28the government will monitor and ensure that if it needs to be subsidized, it will be subsidized.
01:36God willing, we will always ensure that the interests of the people are prioritized.