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Malaysian Inflation Eases More Than Expected In December

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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