In August, consumer prices increased 0.2% over the previous month, which mirrored the 0.2% rise tallied in the previous month. The monthly price increase was mainly driven by higher prices in the recreation services and culture category as well for housing and utilities, which were partially offset by lower clothing and footwear prices. Annual inflation inched down from 3.4% in July to 3.3% in August, which matched market expectations. Owing to the weaker print, annual average inflation in August remained unchanged at July's 3.4%. At its 8 September monetary policy meeting, the Central Bank decided to keep rates unchanged at 3.00% for a second consecutive meeting due to ?rising uncertainties on the global and domestic economic growth prospects and their potential?, which may have ?a moderating impact on inflation?. The government estimates inflation to average between 2% and 3% this year.
Inflation eases in August
September 21, 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.