KUALA LUMPUR (Dec 23): RHB Investment Bank Bhd Research has maintained its headline inflation forecast of 2% in 2020 for Malaysia, with an estimate of 0.9% for 2019.

In an Economics View note today, the research house said Malaysia’s inflation rate was lower at 0.9% in November.

It said that meanwhile, core consumer price index (CPI) remain unchanged at 1.4%.

“Looking ahead, prices are expected to rise from stronger price pressure coming from the end-year and Lunar New Year holidays, as well as the refloating of the RON95 fuel price.

“On the opposite side, price pressure on the demand side should remain subdued given the weaker economic outlook. This would mitigate some upside price pressures,” it said.