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Malaysia Dec CPI seen rising by up to 3.5pc
by hlk Fri 23 Dec 2011, 15:38
The Consumer Price Index (CPI) is expected to grow in the range of
3.3-3.5 per cent year-on-year (yoy) in December due to year-end mega
sales that boost consumer spending.
In a research note today, JF Apex Securities Bhd said at the same
time, the increase in the prices of goods would lead to higher CPI.
The research house said November's CPI increases of 3.3 per cent
year-on-year and 0.1 per cent month-on-month to 104.1 were within its
estimate of 3.2-3.4 per cent.
It said the factor contributed to the growth was the increase in
food prices, especially fish and vegetables, caused by the monsoon
season.
JF Apex expected the CPI growth for 2012 to moderate to 2.50-2.75 per cent.
"We maintain our forecast overnight policy rate at around 2.75 per
cent to 2.5 per cent with a deduction of 25 to 50 basis points if the
domestic economic growth is threaten by gloomy external outlook," it
said. -- Bernama
3.3-3.5 per cent year-on-year (yoy) in December due to year-end mega
sales that boost consumer spending.
In a research note today, JF Apex Securities Bhd said at the same
time, the increase in the prices of goods would lead to higher CPI.
The research house said November's CPI increases of 3.3 per cent
year-on-year and 0.1 per cent month-on-month to 104.1 were within its
estimate of 3.2-3.4 per cent.
It said the factor contributed to the growth was the increase in
food prices, especially fish and vegetables, caused by the monsoon
season.
JF Apex expected the CPI growth for 2012 to moderate to 2.50-2.75 per cent.
"We maintain our forecast overnight policy rate at around 2.75 per
cent to 2.5 per cent with a deduction of 25 to 50 basis points if the
domestic economic growth is threaten by gloomy external outlook," it
said. -- Bernama
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