Malaysia: Inflation continues to fall in July
August 15, 2012
In July, consumer prices remained stable over the previous month, which was below the 0.1% rise recorded in June. The result mainly reflected how a rise in prices for transport as well as for clothing and footwear were completely compensated by lower prices in the remaining categories. As a result, annual inflation continued to moderate and fell to 1.4% in July, which was below market expectations that had inflation remaining unchanged at June's 1.6%. In fact, the July print represents the lowest reading since March 2010. Accordingly, annual average inflation inched down from 2.6% in June to 2.5%.