BNM: Core inflation projection as high as 3 percent this year

Core inflation is projected to be closer to the upper end of the 2.0 to 3.0 percent range this year as demand continues to improve amid the high-cost environment, said Bank Negara Malaysia (BNM) governor Nor Shamsiah Mohd Yunus.

She said upside risks to the inflation outlook would be subjected to the strength of domestic demand, global prices and domestic policy measures.