Malaysia: Inflation eases in July
August 23, 2017
According to the Statistical Institute, consumer prices fell 0.1% in July over the previous month, the highest reading since March. The monthly decrease reflected lower prices for transport and clothing and footwear.
Inflation came in at 3.2% in July, which was below June’s 3.6% and marked a six-month low. The reading was slightly below market expectations of 3.3%. Despite the fall, annual average inflation edged up to 3.0% in July from 2.8% in June.