Malaysia: Inflation edges down in November
December 30, 2016
In November, consumer prices jumped 1.04% from the previous month, which followed the 0.35% increase registered in October, according to the Department of Statistics Malaysia. The print mainly reflected higher prices for food, following the removal of a subsidy for cooking oil and a lower supply of vegetables due to stronger-than-expected monsoon rains.
Inflation rose from 1.4% in October to 1.8% in November and beat market expectations of a 1.6% rise. In November, annual average inflation was stable at October’s 2.2%.
Author: Luis Lopez Vivas, Economist