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Financial News: Malaysia Inflation Eases More Than Forecast

Malaysia Inflation Eases More Than Forecast

06/21/2017 - 00:38:00 (RTTNews)

(RTTNews) - Malaysia's consumer price inflation eased at a faster-than-expected rate in May, figures from the Department of Statistics showed Wednesday.

The consumer price index rose 3.9 percent year-over-year in May, slower than the 4.4 percent climb in April. Economists had expected the inflation to moderate to 4.1 percent.

Transport costs alone surged 13.1 percent annually in May and prices of food and non-alcoholic beverages grew by 4.4 percent. Meanwhile, clothing and footwear prices decreased 0.2 percent.

On a monthly basis, consumer prices edged down 0.2 percent from April, when it dropped by 0.3 percent.

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