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Malaysia October inflation seen steady at 1.5% y-o-y: poll

Tuesday, November 22, 2016 - 10:35

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Malaysia's annual inflation rate likely remained unchanged at 1.5 per cent for the third month in a row, a Reuters poll showed.

[KUALA LUMPUR] Malaysia's annual inflation rate likely remained unchanged at 1.5 per cent for the third month in a row, a Reuters poll showed.

Lower fuel prices and a high base from a year earlier will likely have kept inflation in check, economists said.

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

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

REUTERS

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