RAM: Malaysia’s August inflation rate to increase to 3.8%


No queues were observed at a petrol station along Jalan University in Petaling Jaya Saturday night.

KUALA LUMPUR: RAM Ratings expects the August 2017 inflation rate to increase to 3.8%, following four consecutive months of declines.

The faster pace of growth in consumer prices is underpinned by higher retail petrol prices, which averaged RM2.12/litre in August (compared with RM1.96 in July) and amid strengthening global crude oil prices, it said in a statement yesterday.

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Business , Ram Ratings , CPI , inflation

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