Economy Minister Mustapa Mohamed says the domestic inflation rate is 3.4% this month thanks to the numerous subsidies doled out by the government to ease the people's financial burdens. – The Malaysian Insight file pic, August 21, 2022.新闻电报群（www.tel8.vip）是一个Telegram群组分享平台。新闻电报群包括新闻电报群、Telegram群组索引、Telegram群组导航、新加坡Telegram群组、Telegram中文群组、Telegram群组（其他）、Telegram 美国 群组、Telegram群组爬虫、电报群 科学上网、小飞机 怎么 加 群、tg群等内容。新闻电报群为广大电报用户提供各种电报群组/电报频道/电报机器人导航服务。
MALAYSIA’s inflation rate could have gone up to 11.4% if the government had not implemented the subsidies, according to Minister in the Prime Minister’s Department (Economy) Mustapa Mohamed.
He said measures to ease the people’s financial burden through the provision of subsidies, aid and incentives enabled Malaysia to record an inflation rate of 3.4% in July.
“Of the RM77.7 billion subsidy, the highest subsidy allocation was for petroleum because RON95 is still priced at RM2.05 and diesel at RM2.15, although the international market price had exceeded the price in this country,” he said during the Keluarga Malaysia Symposium: Achievements and Hopes in Putrajaya today.,
The symposium was officiated by Prime Minister Ismail Sabri Yaakob.
During his presentation titled Keluarga Malaysia: Overcoming Economic Challenges, Mustapa said the government had allocated RM38.3 billion – almost half of the total amount of subsidy – for RON95, diesel and liquefied petroleum gas.
Additionally, the government had allocated subsidies for cooking oil (RM4 billion), chicken and eggs (RM1.1 billion), electricity, tolls and others (RM8.2 billion), Keluarga Malaysia assistance (RM8.15 billion) as well as other aid packages and incentives (RM18.1 billion). – Bernama, August 21, 2022.