PETALING JAYA: Malaysia’s annual inflation in July had eased more than expected, and to its slowest in 16 months, due mainly to base effects from fuel price adjustments last year and slower food inflation.
Data from the Statistics Department showed that the country’s consumer price index (CPI) growth, which is a gauge of inflation, had slowed to 1.1% year-on-year (y-o-y) last month from 1.6% y-o-y in June.
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