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Update Malaysia Nov inflation at 2.9% yoy

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Update Malaysia Nov inflation at 2.9% yoy Empty Update Malaysia Nov inflation at 2.9% yoy

Post by Cals Thu 19 Dec 2013, 01:17

Update Malaysia Nov inflation at 2.9% yoy
Business & Markets 2013
Written by Jonathan Gan of theedgemalaysia.com
Wednesday, 18 December 2013 18:10

KUALA LUMPUR (Dec 18): Malaysia’s November inflation, as measured by the consumer price index (CPI), rose 2.9% from a year earlier, according to the Statistics Department.

In a statement today, the department said the CPI’s rise came mainly on costlier food and non-alcoholic beverages, besides transport.

Meanwhile, more expensive housing, water, electricity, and fuel had also contributed to the CPI's rise

On a cumulative basis, the CPI from January to November increased 2% from a year earlier. Compared to the preceding month, the CPI rose 0.3%

In October, the CPI had risen 2.8% from a year earlier.

The November CPI numbers matched the median estimates of a 2.9% year-on-year rise from a Reuters poll.

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