Malaysia: Inflation continues to climb in July
August 19, 2015
Consumer prices increased 0.8% in July, which was up from the 0.6% recorded in June. Eleven of the 12 major components of the index saw increases, with the highest increase found in the transport group. Clothing and footwear was the only group that registered a decline.
Inflation jumped from 2.5% in June to 3.3% in July, marking a six-month high. The tally overshot market expectations by 0.4 percentage points. Despite July’s increase, annual average inflation held stable at 2.2% for the third consecutive month.
Author: Robert Hill, Economist