Malaysia’s Aug inflation at 0.2% on year, slowest growth rate in 42 months
KUALA LUMPUR (Sept 19): Malaysia's inflation, as measured by the consumer price index (CPI), showed moderate growth of 0.2% in August from a year earlier, as compared to 3.2% year-on-year (y-o-y) growth recorded in July.
In a statement today, the Statistics Department said CPI growth of 0.2% in August recorded the lowest rate within 42 months. The slowdown movement was mainly due to the impact of cost of fuels which caused the index for Transport to increase 2.1%, as compared to 6.7% recorded in July 2018.
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