Inflation up 3% in November


An economist says RON95 and RON97 prices may go down further next month.

PETALING JAYA: Inflation rate, measured by the consumer price index (CPI), rose 3% in November from 2.8% in October, exceeding economists’ forecast of a slower-paced 2.7% growth.

The Statistics Department said the CPI had increased by 3% to 111.9 compared with 108.6 for November year-on-year and attributed 96.6% of the increase to the rise in index for six groups of goods and services.

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Business , inflation , CPI

   

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