You are here

Malaysia November inflation seen picking up to 1.6% y-o-y : poll

Tuesday, December 20, 2016 - 12:37

40510592.1 (40548893) - 14_11_2016 - MALAYSIA-ECONOMY.jpg
Malaysia's consumer price index likely rose 1.6 per cent from a year earlier in November, slightly faster than the previous month's pace, a Reuters poll showed.

[KUALA LUMPUR] Malaysia's consumer price index likely rose 1.6 per cent from a year earlier in November, slightly faster than the previous month's pace, a Reuters poll showed.

The annual inflation rate had slowed to 1.4 per cent in October, from 1.5 per cent in September, as lower transport costs offset higher food and housing prices.

Annual inflation reached a seven-year peak of 4.2 per cent in February, but then moderated as the effects of a goods and services tax imposed in April 2015 faded.

Last month, Malaysia's central bank said annual inflation had moderated to 1.3 per cent in the third quarter.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom