Malaysia's November inflation seen easing to 0.5% y-o-y
[KUALA LUMPUR] Malaysia's consumer price index (CPI) is expected to rise 0.5 per cent in November from a year earlier, a Reuters poll showed, marginally slower than the previous month amid lower transport prices.
Inflation has been mild since the government removed an unpopular consumption tax in June and reinstated a narrower sales and services tax (SST) three months later.
The annual inflation rate was 0.6 per cent in October. It has been rising after hitting a three-and-a-half year low of 0.2 per cent in August.
Economists expect any pickup in inflation due to the reintroduction of SST to be muted, softened further by the government's decision to fix pump prices for premium RON95 petrol for the rest of the year.
Last month, Malaysia's central bank said inflation had been largely benign in the third quarter, but was expected to edge upwards the rest of the year and into 2019.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Ukraine eases some wartime capital controls for businesses
Labour mayor wins cap triumphant election run for Starmer
100 years on, SICCI to focus on internationalisation, digitalisation and sustainability
Microsoft bets big on South-east Asia, pledges billions in AI and cloud investments
Putin plans to meet Xi in China days after his new term starts
Biden vetoes bid to repeal US labour board rule on contract, franchise workers