KUALA LUMPUR: Malaysia’s inflation rate rose 2.8% in October from year ago, due to a spike in transport costs, but the overall rate was still below economists’ forecast of an increase of between 3% and 3.1%.
The Statistics Department said on Friday the inflation rate, which is measured by the consumer price index (CPI), increased by 0.5% from September. For January to October, the CPI increased by 3.2%.
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