Malaysia’s inflation moderates to 1.8% in September, beats expectations due to slower transport cost growth

[KUALA LUMPUR] Malaysia’s inflation rate eased to 1.8 per cent year on year (yoy) in September, as prices of transportation and communication services grew at a slower pace, a Department of Statistics Malaysia (DOSM) report indicated on Thursday (Oct 24).

The final figure for inflation in September was lower than August’s 1.9 per cent and the forecast of 1.9 per cent made by a group of economists in a recent Reuters poll.

The country’s inflation remained steady at 1.9 per cent for five consecutive months, from April to August.