Malaysia: Inflation ticks down in July
August 20, 2014
Consumer prices increased 0.1% over the previous month in July, which was down slightly from the 0.2% rise registered in June. July’s result was driven by higher prices for food and non-alcoholic beverages as well as for healthcare. In contrast, prices for transport and for clothing and footwear decreased compared to the previous month.
Annual inflation ticked down from 3.3% in June to 3.2% in July, which was below market expectations of inflation holding stable at 3.3% Annual average inflation inched up from June’s 3.0% to 3.1%, which marked the highest level since February 2012. A series of subsidy cuts the government introduced to ease concerns over the fiscal deficit is partially contributing to inflationary pressures.
Author: Carl Kelly, Economist