Malaysia: Inflation remains stable in October
November 23, 2011
In October, consumer prices rose 0.2% over the previous month, which mirrored readings tallied in the previous three months. The monthly price increase was mainly driven by higher prices in food and non-alcoholic beverages, which were partially offset by lower prices in the miscellaneous goods and services category. Annual inflation remained unchanged at September's 3.4%, which was slightly above market expectations that prices would rise 3.3%. However, annual average inflation in October inched up to 3.0% from the 2.9% increase recorded in the previous month. The government estimates inflation to average between 2.5% and 3.5% this year.