Malaysia: Inflation barely inches down in August
September 18, 2013
Consumer prices rose 0.09% over the previous month in August, which was below the 0.19% increase tallied in July. The increase mainly reflected higher prices for food and non-alcoholic beverages.
Inflation inched down slightly from 2.0% in July to 1.9% in August, which was below market expectations of no change. Annual average inflation ticked up to 1.6% after sitting at 1.5% during the preceding six months.
FocusEconomics Consensus Forecast panelists 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