Slower inflation growth: Customers buying fresh vegetables at the Batu Lanchang wet market in Penang. Inflation has been mild since an unpopular consumption tax was scrapped in June 2018.
KUALA LUMPUR: Malaysia’s consumer price index rose 1.4% in July from a year earlier, a bit slower than the previous month, government data showed.Economists surveyed by Reuters had forecast for the index to climb 1.5% year-on-year in July, matching the pace in June.
June’s annual inflation rate was the fastest in more than a year, as the effects of tax policy changes introduced last year faded.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
