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Asian Economic News

Malaysia Inflation Accelerates Unexpectedly In November

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

Malaysia's consumer price inflation accelerated unexpectedly in November, figures from the Department of Statistics showed Wednesday.

The consumer price index rose 1.8 percent year-over-year in November, faster than the 1.4 percent climb in the previous month. Meanwhile, economists had expected the inflation to ease slightly to 1.3 percent.

Prices of food and non-alcoholic beverages grew 3.8 percent annually in November and utility costs went up by 2.1 percent. At the same time, transport charges dropped 1.5 percent.

On a monthly basis, consumer prices increased 1.0 percent from October, when it rose by 0.3 percent.

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