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Asian Economic News

Malaysia Inflation Eases More Than Expected In December

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Malaysia's consumer price inflation slowed at a faster-than-expected pace in December, figures from the Department of Statistics revealed Wednesday.

The consumer price index rose 2.7 percent year-on-year in December, just below the economists' expectations for a 2.8 percent increase. In November, prices climbed 3.0 percent.

In the whole year of 2014, consumer prices grew 3.2 percent compared with the previous year.

Prices of food and non-alcoholic beverages increased 2.4 percent annually in December and that of alcoholic beverages and tobacco jumped 10.6 percent. Non-food prices rose 2.8 percent. Meanwhile, clothing and footwear prices dipped 0.3 percent.

On a monthly basis, consumer prices edged down 0.1 percent in December.

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