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Financial News: Malaysia Inflation Slows In February

Malaysia Inflation Slows In February

03/25/2020 - 00:38:00 (RTTNews)

(RTTNews) - Malaysia's consumer price inflation slowed in February, figures from the Department of Statistics showed on Wednesday.

The consumer price index rose 1.3 percent year-on-year in February, after a 1.6 percent increase in January. Economists had expected a 1.4 percent rise.

Among the main groups, prices for miscellaneous goods and services grew 2.5 percent annually in February. Prices for transport rose 2.4 percent and those of housing, water, electricity, gas and other fuels, and communication increased 1.6 percent and 1.5 percent, respectively.

On a month-on-month basis, consumer prices remained unchanged in February.

The core CPI rose 1.3 percent annually in February.

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