Malaysia: Inflation rises to highest level in over two years in December
January 22, 2014
Consumer prices rose 0.28% over the previous month in December, which matched the increase tallied in November. The increase mainly reflected higher prices for food and non-alcoholic beverages.
Inflation picked up from 2.9% in November to 3.2% in December, which was slightly above market expectations of a 3.1% rise. The reading marks the highest level since November 2011. Annual average inflation increased from 1.9% in November to 2.1% in December.
FocusEconomics Consensus Forecast panelists expect inflation to average 3.0% in 2014, which is unchanged from last month's projection. For 2015, the panel sees inflation rising to 3.2%.
Author: Carl Kelly, Economist