August inflation up 2% on-year, lower than expected

Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the transport group continued to record a double-digit increase since March and edged up by 11% in August from a year ago.

KUALA LUMPUR: Malaysia’s inflation rate, as measured by the Consumer Price Index (CPI), rose by 2% in August from a year ago, but the increase was below Reuters’ poll of a 2.2% rise.

The CPI rose to 122.5 from 120.1 a year ago, making it the seventh consecutive month of increase since February 2021 due to the base effect last year.