Malaysia hits deflation for first time since 2009 global crisis

Slowing exports and tepid inflation have raised expectations that policy makers will need to consider adding to May

KUALA LUMPUR (Bloomberg): Malaysia’s economy swung into deflation in January for the first time since the aftermath of the global financial crisis in 2009 as fuel prices dropped.

Consumer prices declined 0.7% from a year ago after hovering below 1% in the previous seven months, according to the statistics department.