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PETALING JAYA: The country’s inflation rate, as measured by the Consumer Price Index (CPI), rose 3.4% in June, due to higher fuel prices when compared with a year ago, but the increase was lower than a survey of 3.5%.
The sell-off on Wall Street on the first day of the trading week sent shivers down the spines of equities traders as the combined impact of resurgent Covid-19 cases and inflation fears were taking precedence over the economic recovery theme.
KUALA LUMPUR: Malaysia's consumer price index (CPI) rose by 3.4% in June, expanding from a year earlier, government data showed on Friday.
KUALA LUMPUR: The ringgit has snapped its 10-day losing streak against the US dollar today as buying interest in the local note recovered ahead of the Consumer Price Index (CPI) data set to be released tomorrow.
KUALA LUMPUR: The ringgit opened lower against the US dollar today amidst growing concerns over the spread of the COVID-19 Delta variant that has already triggered new lockdowns in several Southeast Asian countries, a trader said.
CONSUMER price index (CPI) is the focus in this four-day week. The Statistics Department is due to announce inflation data for June 2021 and leading index (LI) for May 2021 on Friday.
THE Covid-19 jitters took a turn for the worse across the globe, as many countries started reporting a surge in daily new cases due to the super spreader Delta variant