Malaysia: Inflation ticks up to highest level in nearly two years in November
December 18, 2013
Consumer prices rose 0.28% over the previous month in November, which was below the 0.37% increase tallied in October. The increase mainly reflected higher prices for housing, water, electricity and gas.
Inflation ticked up from 2.8% in October to 2.9% in November, which matched market expectations. The reading marks the highest level since December 2011. Annual average inflation edged up from 1.8% in October to 1.9% in November.
FocusEconomics Consensus Forecast panelists expect inflation to accelerate in the months ahead and to average 2.1% in 2013, which is unchanged from last month's projection. For 2014, the panel sees inflation rising to 2.8%, which is also unchanged from last month's forecast.
Author: Carl Kelly, Economist