Malaysia: Inflation increases in July
Latest reading: Inflation edged up to 1.2% in July, above June’s 1.1% and in line with market expectations. Transportation prices rose at a quicker pace in July compared to the previous month, while price pressures for food plus housing and utilities eased.
The trend was unchanged, with annual average inflation coming in at June’s 1.6% in July.
Lastly, consumer prices increased 0.15% over the previous month in July, picking up from the 0.07% rise recorded in June.