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Malaysian Inflation Eases More Than Expected In December

1/18/2012 4:10 AM ET

Malaysia's consumer price inflation slowed more than economists expected in December, data released by the Department of Statistics showed Wednesday.

The consumer price index increased 3 percent year-on-year in December, after rising 3.3 percent in November. Economists expected inflation to ease to 3.1 percent.

Food and non-alcoholic beverages prices rose 5.1 percent annually, while clothing and footwear prices moved up 0.8 percent. There was a 1.7 percent annual growth in housing costs and utility prices during the month, and a 1.9 percent rise in prices in the transport sector.

On a monthly basis, consumer prices edged up 0.1 percent in December. In the January-December period, prices increased 3.2 percent from the corresponding period last year.

by RTT Staff Writer

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