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Johari: Core inflation stable, no plans to cut GST

The government does not plan to change the rate of the Goods and Services Tax (GST) based solely on short-term inflation fluctuations, said Second Finance Minister Johari Abdul Ghani.

He said the spike in inflation to 3.2 percent in January 2017 was closely tied to an increase in fuel prices and the ringgit depreciation against the US dollar.

"(However) core inflation - excluding fuel prices - has remained stable at 2.3 percent - compared to 2.1 percent in 2016 - in which we should not expect massive price increases," Johari said when contacted by Malaysiakini.

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