The FINANCIAL — Consumer prices in Malaysia rose a higher-than-expected 3.1% in August from a year earlier, led by increases in housing, water, electricity and other fuels index, official data released on September 23 show, according to Nasdaq.
The consumer-price index remained unchanged from July, the Department of Statistics data show.
The CPI, the country’s main gauge of inflation, had been expected to rise by 3.0% on-year in August from a year earlier, according to a median forecast of 11 economists polled by The Wall Street Journal.
The year-over-year rise compares with July’s 3.3% gain.
The latest CPI gain was led by a 0.7% increase in the index for the housing, water, electricity, gas and other fuel, the government department said.
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