Malaysia's consumer price inflation eased at a slower-than-expected pace in October, figures from the Department of Statistics showed Friday.
The consumer price index rose 2.5 percent year-over-year in October, slightly slower than the 2.6 percent climb in September. Economists had expected the inflation to slow to 2.4 percent.
The annual increase in October was largely driven by a 13.3 percent spike in prices of alcoholic beverages and tobacco.
Prices of food and non-alcoholic beverages grew 4.7 percent in October from a year ago and that for non-food products went up by 2.7 percent. At the same time, transport costs declined 5.7 percent
On a monthly basis, consumer prices increased 0.4 percent in October, in contrast to a 0.3 percent fall in the previous month.
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