In December, consumer prices added 0.4% over the previous month, which came in above November's 0.3% price climb, but was in line with market expectations. The main drivers behind the monthly price increase were higher prices for transport (+1.6% month-on-month), brought on by escalating energy prices together with further cuts in fuel subsides. The government began cutting subsidies for fuel and sugar in July 2010 in an attempt to eliminate market distortions and moderate the budget deficit. Owing to the strong monthly price increase, annual inflation accelerated from 2.0% in November to 2.2% in December. As a result, annual average inflation for the full year 2010 reached 1.7% (November: 1.6%).
Inflation continues to rise amid higher fuel prices
January 19, 2011
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Malaysia Economic News
October 12, 2016
Industrial production increased 4.9% in August from the same month last year.
October 7, 2016
Exports in USD terms rose 3.3% annually in August, which was a sharp improvement over July’s 8.9% contraction (previously reported: -8.7% year-on-year).
September 23, 2016
In August, consumer prices rose 0.43% over the previous month, which was slightly up from the 0.26% increase registered in July, according to the Department of Statistics Malaysia.
September 16, 2016
The ringgit has had a tumultuous week as a combination of factors, both domestic and external, have impacted the currency.
September 10, 2016
Industrial production increased 4.1% in July over the same month last year.