Malaysia's consumer price inflation eased at a faster-than-expected pace in June, figures from the Department of Statistics showed Wednesday.
The consumer price index rose 1.6 percent year-over-year in June, slower than the 2.0 percent climb in the previous month. Economists had expected the inflation to slow to 1.7 percent.
Prices of food and non-alcoholic beverages grew 4.2 percent annually in June and utility costs went up by 2.4 percent. Non-food prices increased 0.4 percent, while transport costs plunged by 8.5 percent.
On a monthly basis, consumer prices edged up 0.2 percent at the end of the second quarter, following a 0.3 percent rise in May.
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