Malaysia: Inflation decelerates to 16-month low in July
August 24, 2016
In July, consumer prices rose 0.26% over the previous month, which was slightly up from the 0.17% increase in June. Of the twelve main categories that comprise the index, nine increased, one declined and two remained unchanged. The transport and recreation services and culture categories saw the largest price increases in July.
Inflation fell from 1.6% in June to 1.1% in July, which marked the lowest reading in 16 months and came in below market expectations of a 1.6% rise. Annual average inflation in July was 2.5%, just under June’s 2.7%.
Author: Luis Lopez Vivas, Economist