Malaysia: Inflation climbs to almost seven-year high in January
February 29, 2016
Consumer prices fell 0.3% in January after being unchanged in December. The monthly decrease was driven by sharp decreases in the prices of transportation and communications, while prices for food and non-alcoholic beverages showed the largest increases.
Inflation climbed from 2.7% in December to 3.5% in January, the highest figure since February 2009. The tally matched market expectations. Annual average inflation in January was 2.3%, up from 2.1% in December.
Author: Robert Hill, Economist