Malaysia: Inflation drops in June
July 19, 2017
According to the National Statistical Institute, consumer prices fell by 0.2% in June over the previous month, which matched May’s drop. The monthly decrease reflected lower prices for non-food items, particularly for transportation goods.
Inflation came in at 3.6% in June, which was below May’s 3.9% and a five-month low. The reading was below market expectations of 3.8%. Despite the fall, annual average inflation edged up to 2.8% in June from 2.7% in May.