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Malaysia's Dec inflation eases to 2.7% y-o-y, below forecasts

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Malaysia's consumer price index in December rose 2.7 per cent from a year earlier, as soaring domestic food prices from the worst flood in decades offset the effects of falling fuel prices, data from the Statistics Department showed on Wednesday.

[KUALA LUMPUR] Malaysia's consumer price index in December rose 2.7 per cent from a year earlier, as soaring domestic food prices from the worst flood in decades offset the effects of falling fuel prices, data from the Statistics Department showed on Wednesday.

A Reuters poll had forecast an annual inflation rate of 2.8 per cent last month, down from 3 per cent in November.

REUTERS

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