Malaysia's headline consumer price index (CPI) rose 1.8% year over year in July, according to data from the Department of Statistics Malaysia on Monday.
The reading compared with the 1.9% expansion recorded in June, missing the Trading Economics forecast of 2.1%. It also marked the softest print in four months.
The department attributed the slowdown to transport inflation, which decelerated to 1.4% from 2.8%.
Core inflation, which excludes volatile food and energy items, also eased to 1.8% from 1.9% in the previous month.
On a month-over-month basis, Malaysia's headline CPI remained flat for a second straight month.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments