Malaysia: Inflation rises on the back of higher commodity prices
February 19, 2011
In January, consumer prices increased 0.6% over the previous month, which was in line with market expectations. The reading was above December's 0.4% price climb, and represented the highest increase since August 2008. Consumer prices were mainly driven by higher prices for food and commodities. As a result of the strong price increase, annual inflation maintained the upward trend in place since September 2009, rising from 2.2% in December to 2.4% in January. Annual average inflation followed suit and inched up to 1.8%.