KUALA LUMPUR: The inflation rate in Malaysia could exceed 10 per cent if the government ceases subsidies for essential goods such as rice, sugar, fuel and electricity. Prime Minister Datuk Seri Anwar Ibrahim said the government will spend RM64 billion this year to ensure the people, especially those in the Bottom 40 income group (B40) can continue to benefit from subsidies. He said it was among the government's efforts to reduce the burden on the people, especially with the recent Overnight Policy Rate (OPR) increase.

http://klse.i3investor.com/web/blog/detail/savemalaysia/2023-03-01-story-h-297243717-Inflation_will_go_beyond_10pct_without_subsidies_PM

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