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%.
Author: Luis Lopez Vivas, Economist