Malaysia's October CPI falls 1.5% y-o-y, faster than forecast
[KUALA LUMPUR] Malaysia's consumer prices in October fell for the eighth straight month, declining 1.5 per cent from a year earlier, government data showed on Wednesday.
The drop in October's consumer price index was slightly faster than the 1.4 per cent decline forecast by economists in a Reuters poll. In September, the index had fallen 1.4 per cent.
October's decline was largely driven by lower retail fuel prices, lean costs for housing, utilities and clothing, with the transport sector index falling 10.2 per cent on-year, the Statistics Department said in a statement.
REUTERS
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sunak says UK to raise defence spending amid global threats
China’s central bank hints it may add treasury bond trades to policy toolkit
US business activity cools in April; inflation measures mixed
India’s inflation at risk from extreme weather, geopolitical issues: central bank
Thailand to replace military-appointed Senate, reduce its powers
Bankers lose hope of London IPO revival for another year