December CPI comes in lower

PETALING JAYA: Inflation for December 2014 came in lower than expected, rising 2.7% year-on-year while for the full year, inflation rose 3.2%. Economists had expected a median 2.8% rise in the consumer price index (CPI) in December.

According to the Statistics Department, the rise in prices in December was led by a 10.6% jump in the alcoholic beverages and tobacco component of the CPI.