Malaysia Inflation October 2016

Malaysia

Malaysia: Inflation edges down in October

November 24, 2016

In October, consumer prices increased 0.4% over the previous month, which contrasted the 0.3% decrease registered in September, according to the Department of Statistics Malaysia. The print mainly reflected higher prices for food and non-alcoholic beverages, housing and tobacco.

In October, inflation edged down from 1.5% in September to 1.4% in October and undershoot market expectations of a 1.8% rise. Annual average inflation in October was 2.2%, just under September’s 2.3%.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.2% in 2016, which is unchanged from last month’s projection. For 2017, the panel sees inflation rising to 2.6%, which is unchanged from last month’s forecast.


Author:, Economist

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