Malaysia's inflation eases to 2% in July

KUALA LUMPUR: Malaysia's rate of inflation slowed to 2% year-on-year in July 2023, its lowest so far in 2023, amid a slower increase in the costs of restaurants and hotels and food and non-alcoholic beverages.

This was slightly lower than a median forecast of 2.1% by a Reuters poll of economists, and lower than 2.4% recorded in the previous month.