Tuesday , August 3 2021

Malaysian inflation rose 0.6 percent year-on-year in October – Sinha

Kuala Lumpur, Nov 23 (SANI) – Malaysia's consumer price index (CPI) rose 0.6 percent year-on-year in October for items including buildings, water, electricity, gas and other fuel. Information released on Friday

The Malaysian Statistics Department said in a statement that the increase in the overall indices increased by 2.1% due to high prices of housing, water, electricity, gas and other fuel, food and non-alcoholic drinks increased by 1.2%.

Restaurant and hotel prices have increased by 1.2 percent, while education and transport increased 1.1 percent and 0.8 percent, respectively.

On a monthly basis, CPI increased 0.2 percent compared to September.

During the January-October period, the CPI registered 1.1% increase in comparison to the same period last year.

Meanwhile, the core index increased by 0.4 percent in October compared to the same month last year.

Between high base effects, inflation rate was 1.3 percent average this year compared to 3.8 percent last year due to the first 10-month inflation rate in MIDF research.

The research house said in a note on Friday that "inflationary pressures are expected mainly to keep the fuel related items cool, global commodity prices are gradually increasing, increasing the subsidy's pass-through effect with strong ringgate and domestic fuel prices."

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