Malaysia: Inflation accelerates in August
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. Of the twelve main categories that comprise the index, nine increased and three declined.
Inflation accelerated and jumped from 1.1% in July to 1.5% in August, which also came in above market expectations of a 1.3% rise. Annual average inflation in August was 2.4%, just under July’s 2.5%.
Author: Luis Lopez Vivas, Economist