Malaysia’s inflation rate is projected to remain between 1.5 and 2.5 percent this year despite ongoing geopolitical tensions, even as Putrajaya warns that a United States-Iran peace deal would not bring immediate relief from oil-related price pressures.

Economy Minister Akmal Nasrullah Nasir said the government remains focused on ensuring that inflation does not significantly affect economic stability or drive up the cost of living, even as price pressures are expected to persist.