October CPI at 1.1% as soft inflation trend continues


PETALING JAYA: The full-year inflation for 2019 may hit the lowest level in a decade as the country’s soft inflation trend is expected to continue in the last two months of this year, led by cautious consumer sentiment that keeps price pressures under control.

The comment from Bank Islam chief economist Mohd Afzanizam Abdul Rashid (pic)came following the Statistics Department’s announcement yesterday that Malaysia’s headline inflation in October was 1.1%, similar to the rate seen in September.

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