Malaysia Inflation June 2016

Malaysia

Malaysia: Inflation hits 15-month low in June

July 20, 2016

Consumer prices in June rose 0.2% over the previous month, which was slightly down from the 0.3% increase in May. The monthly increase was driven by higher prices for food and non-alcoholic beverages as well as utilities. Transport and restaurants were the only categories that saw a price decrease.

Inflation fell from 2.0% in May to 1.6% in June, the lowest figure in 15 months. The tally came in slightly below market expectations of a 1.7% rise. Annual average inflation in June was 2.7%, just under May’s 2.8%.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.4% in 2016, which is unchanged from last month’s projection. For 2017, the panel sees inflation rising to 2.7%.


Author:, Economist

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Malaysia Inflation June 2016 0

Note: Annual and monthly variation of consumer price index in %.
Source: Department of Statistics Malaysia (DSM).


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