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Financial News: Malaysia Consumer Prices Decline Slows In June

Malaysia Consumer Prices Decline Slows In June

07/22/2020 - 02:33:00 (RTTNews)

(RTTNews) - Malaysia's consumer prices declined at a softer pace in June, figures from the Department of Statistics showed on Wednesday.

The consumer price index declined 1.9 percent year-on-year in June, following a 2.9 percent decrease in May. This was in line with economists' expectations.

Among the main components, prices for transport declined 14.3 percent annually in June and those of housing, water, electricity, gas and other fuels decreased by 2.6 percent.

Prices of clothing and footwear, and furnishings, household equipment and routine household maintenance fell by 1.1 percent and 0.2 percent, respectively.

Meanwhile, cost of food and non-alcoholic beverages, and communication rose by 1.6 percent, each.

On a month-on-month basis, consumer prices rose 1.0 percent in June.

Core inflation was 1.2 percent in June

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