Malaysia: Inflation declines in December
January 21, 2015
Consumer prices declined 0.1% in December over the previous month, which contrasted the 0.5% rise registered in November. December’s result was mainly driven by a sharp fall in prices for transport, resulting from low global oil prices.
Annual inflation dropped to 2.7% in December from the 3.0% tallied in November. The result slightly undershot market expectations of 2.8%. As a result of December’s slowdown, annual average inflation inched down from 3.2% in November to 3.1% in December.
Author: Cecilia Simkievich, Economist