July inflation rate climbs on higher fuel prices


Higher pump prices pushed the inflation rate higher in July.

KUALA LUMPUR: Higher fuel prices pushed the Consumer Price Index (CPI) higher in July, a straight six-month rise but the monthly electricity bill discount given to domestic consumers helped mitigate the overall increase.

The Statistics Department said on Wednesday the CPI rose by 2.2% to 122.5 from 119.9 a year ago due to the lower base effect then.

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inflation , Consumer Price Index , fuel

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