Malaysia: Consumer prices fall year-on-year for sixth month running in August
September 23, 2020
Consumer prices increased a seasonally-adjusted 0.17% over the previous month in August, softening from July’s 0.67% increase. August’s increase largely reflected higher prices for transport, as well as for food and non-alcoholic beverages.
Consumer prices declined 1.4% year-on-year in August, marginally greater than July’s 1.3% drop. August’s reading marked the sixth consecutive month of falling prices. Lastly, the annual average variation of consumer prices dropped to minus 0.3% in August (July: minus 0.1%).