Malaysia: Inflation jumps to highest level in 20 months in September
October 25, 2013
Consumer prices rose 0.84% over the previous month in September, which was well above the 0.09% increase tallied in August. The increase mainly reflected higher prices for transportation.
Inflation jumped from 1.9% in August to 2.6% in September, which was slightly above market expectations of 2.5%. The reading marks the highest level since January 2012. Annual average inflation ticked up from 1.6% to 1.7%.
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 up 0.1 percentage points from last month's forecast.
Author: Carl Kelly, Economist