Again in Kuala Selangor, finance minister says Malaysia’s inflation rate near lowest in world thanks to high subsidies

Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz delivers a speech at the Kuala Selangor district education excellence service award ceremony in Kuala Selangor, July 8, 2022. — Picture By Devan Manuel

By Radzi Razak

Friday, 08 Jul 2022 7:15 PM MYT

KUALA SELANGOR, July 8 — Malaysia’s official inflation rate of 2.8 per cent was among the lowest globally because tens of billions in public funds were being spent on subsidies…