Malaysia: Inflation inches up in July
August 21, 2013
Consumer prices rose 0.19% over the previous month in July, which was above the 0.10% increase tallied in June. The increase mainly reflected higher prices for food and non-alcoholic beverages.
Inflation increased from 1.8% in June to 2.0% in July, which was in line with market expectations. Annual average inflation remained unchanged at 1.5% for the fifth consecutive month.
FocusEconomics Consensus Forecast panellists expect inflation to accelerate in the months ahead and average 2.1% in 2013, which is down 0.1 percentage points from last month's projection. For 2014, the panel sees inflation rising to 2.5%.
Author: Carl Kelly, Economist