‘Keep subsidies to stop inflation’ - News Summed Up

‘Keep subsidies to stop inflation’


PETALING JAYA: The government should continue controlling the price of petrol, energy and electricity and food to curb inflation, say economists. While price changes are cyclical and economists expect inflation to ease for the year end, they have called for the retention of subsidies and more assistance for the low-income groups. Malaysia University of Science and Technology economist Prof Dr Geoffrey Williams and HELP University economist Prof Dr Paolo Casadio said the government should also bring down the electric tariffs. Although it would not be an easy feat, independent economic analyst Emeritus Prof Datuk Dr Zakariah Abdul Rashid said the government needed to help the people wade through inflation. According to analyses, Williams and Casadio think that “the peak of inflation is happening right now in the international economy” with the “decreasing inflation” phase expected next.


Source: The Star July 01, 2022 06:40 UTC



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