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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