Higher prices: A file picture showing a fishmonger making a sale at a market in Kuala Lumpur. July’s inflation is expected to come higher at 1.6% underpinned by an anticipated uptick in food inflation. — Reuters
PETALING JAYA: RAM Ratings expects Malaysia’s overall inflation rate for July to continue trending at the more elevated level first charted in June. July’s inflation rate is expected to come in marginally higher at 1.6%, higher than June’s 1.5%, underpinned by an anticipated uptick in food inflation.
Looking ahead, RAM expects full-year inflation to come in at 1% in 2019, unchanged from the full-year average charted in 2018. “Overall inflation has stayed benign at 0.2% in the first half of 2019, mainly due to a lower transport fuel price ceiling (instituted in January 2019) as well as the broad-based fall in prices following the removal of the Goods and Services Tax (GST) in June 2018, ” said RAM.
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