Malaysia: Inflation stable in October
Consumer prices increased 0.2% over the prior month in October, following the flat reading in September. Higher prices for communication, food and non-alcoholic beverages, and transport offset lower prices for clothing and footwear.
Inflation was stable at September’s 1.1% reading in October. Meanwhile, annual average inflation was stable at 0.5% in October. Going forward, price pressures should increase slightly due to the weakening of the ringgit so far this year, the Bank’s recent monetary easing and robust domestic demand.