English
Français
Deutsch
Italiano
Português
Русский
Español
简体中文
日本語
By Ying Xian Wong
KUALA LUMPUR, Malaysia–Malaysia’s consumer-price growth slowed in July, mainly due to lower food prices.
The July consumer-price index rose 2.0% from a year earlier, the slowest growth so far in 2023, the country’s Department of Statistics said Friday. That compares with a 2.4% rise in June and the median forecast for a 2.1% increase taken from a survey of six economists by The Wall Street Journal.
Food and nonalcoholic beverages, which have a 29.5% weighting, rose 4.4%, easing from the 4.7% gain in June.
Core inflation, which strips out volatile prices of fresh food as well as prices of government-administered goods, rose 2.8% in July from a year earlier.
On a monthly basis, consumer prices in July increased 0.1%, compared with June’s 0.2% increase.
Below are the inflation figures for Malaysia by sector in July:
CPI % Change MoM % Change YoY 0.1 2.0 Sector Index Weighting % Change YoY Food & Non Alcoholic Drinks 29.50% 4.4 Housing, Utilities & Fuels 23.80% 1.7 Transport 14.60% -0.4 Misc Goods & Services 6.70% 2.6 Recreation Services & Culture 4.80% 1.1 Communication 4.80% -3.7
Write to Ying Xian Wong at [email protected]
Read the full article here
