Malaysia: Consumer prices drop at softer pace in June
July 22, 2020
Consumer prices rose a seasonally-adjusted 1.02% from the previous month in June, accelerating from May's 0.26% rise. June's uptick marked the sharpest increase in prices since February 2017. The pick-up was largely broad-based with greater price pressures recorded for food and non-alcoholic beverages, housing and utilities, and transportation.
Consumer prices decreased 1.9% year-on-year in June, a smaller fall than May’s 2.9% decrease. Low transport prices amid low oil prices were primarily behind the negative reading. Meanwhile, the trend pointed down mildly, with annual average inflation coming in at 0.2% in June (May: 0.4%).