Malaysia inflation up 1.8% in February, beating economists’ forecast
[KUALA LUMPUR] Malaysia’s inflation rate edged up 1.8 per cent year on year in February, on the back of higher utility charges and transport costs, a Department of Statistics Malaysia (DOSM) report indicated on Monday (Mar 25).
The country’s inflation had stayed at 1.5 per cent for three consecutive months since November. The final figure in February outpaced the forecast of 1.4 per cent made by 13 economists in a recent Reuters poll.
Core inflation, meanwhile, rose 1.8 per cent in February, the same growth rate as January’s.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Asean
Indonesia’s Prabowo reiterates ‘Asian Way’ to defuse tension: Al Jazeera interview
Tech giants start to treat South-east Asia like next big thing
Malaysia’s March industrial production up 2.4%, lower than forecast
No surprise as Malaysia’s central bank holds key interest rate at 3%
Vietnam’s banks face borrowing cost rise as deposits dip
Malaysia’s stock market capitalisation hits record high of RM2 trillion