Malaysia: Inflation hits eleven-month high in January
February 22, 2017
Consumer prices in Malaysia rose from a flat reading in December to 1.1% in January, marking the highest monthly gain since July 2008. Higher prices for food and housing were behind January’s rise.
In January, inflation rose 3.2%, which followed December’s 1.8% increase. The figure marked an eleven-month high and overshot market expectations of a 2.8% rise. Meanwhile, annual average inflation in January mirrored the 2.1% reading recorded in December.
Author: Luis Lopez Vivas, Economist