Malaysia: Inflation stable in June
July 19, 2013
In June, consumer prices rose 0.10% over the previous month, which was below the 0.28% increase tallied in May. The increase mainly reflected higher prices for food as well as for alcoholic beverages and tobacco.
Despite the monthly price rise, inflation remained stable at 1.8% in June, which was below market expectations of 1.9%. Moreover, annual average inflation remained unchanged at 1.5% for a fourth month in a row.
FocusEconomics Consensus Forecast panellists expect inflation to accelerate in the months ahead and average 2.2% in 2013, which is unchanged from last month's projection. For 2014, the panel sees inflation rising further to 2.6%.