Malaysia August inflation seen at 3.0%, below July pace
[KUALA LUMPUR] Malaysia's inflation in August likely cooled to 3.0 per cent on lower fuel prices and after the Muslim Eid al-Fitr celebrations, a Reuters poll showed on Friday.
Demand ahead of the celebrations helped pushed up prices in July, when the consumer price index came in higher than expected at 3.3 per cent.
While economic growth slowed in the second quarter, inflation has steadily climbed in recent months due to a 6 per cent Goods and Services Tax (GST) implemented in April.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
When US diplomats visit China, meal choices are about more than taste buds
China’s first-quarter industrial profits rise at slower pace
Laid-back vibe, stunning beaches, rich cuisine and low cost of living lure more expat retirees to Malaysia
Vietnam tycoon appeals against US$27 billion fraud death sentence
US announces new restrictions on firearm exports
Central banks will probably only cut half as much as they hiked