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Financial News: Malaysia Inflation Eases More Than Forecast

Malaysia Inflation Eases More Than Forecast

08/23/2017 - 00:56:00 (RTTNews)

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

The consumer price index rose 3.2 percent year-over-year in July, slower than the 3.6 percent climb in June. Meanwhile, economists had expected the inflation to moderate to 3.4 percent.

Transport costs grew notably by 7.7 percent annually in July and prices of food and non-alcoholic beverages increased by 4.2 percent. In contrast, clothing and footwear prices dropped 0.4 percent.

On a monthly basis, consumer prices edged down 0.1 percent from June, when it decreased by 0.2 percent.

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