Malaysia: Consumer prices fall on annual basis for fifth month running in July
Consumer prices increased a seasonally-adjusted 0.67% from the previous month in July, softening from June’s 1.02% increase. July’s rise was largely attributed to greater price pressures recorded for transportation.
Consumer prices declined 1.3% year-on-year in July, a more moderate drop than June’s 1.9% decrease. July’s reading marked the fifth consecutive month of falling consumer prices. Meanwhile, the annual average variation of consumer prices fell to minus 0.1% in July (June: 0.2%).