Malaysia Nov inflation rate at 2.6% on year, higher than forecast
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[KUALA LUMPUR] Malaysia's annual inflation rate in November was 2.6 per cent, government data showed on Wednesday.
The change in the consumer price index (CPI) in November from a year earlier was higher than the 2.3 per cent median forecast by economists in a Reuters poll, and slightly above the 2.5 per cent pace in October.
The government said the November rate reflected rises in prices for consumer goods.
The country's inflation rate rose after the government introduced a 6 per cent goods and services tax in April but has been below 3 per cent since August.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Singaporeans can now buy record amount of yen per Singdollar
