Malaysia sees 5-year low inflation in January
Malaysia’s inflation rate plunged from 2.7 percent in December 2014 to 1
percent in January, the lowest monthly level recorded since December
2009.
Malaysia’s inflation rate plunged from 2.7 percent in December 2014 to 1
percent in January, the lowest monthly level recorded since December
2009.
The drop was mainly attributed to the sharp decline in transport and communications costs, according to the national Department of Statistics.
Lower prices were also seen in entertainment, maintenance, and educational services while the costs of medical treatment, food and non-alcoholic drinks followed an upward trend.
Economists forecasted the country’s average inflation rate to reach 3.9 percent in 2015 and 3.1 percent in 2016.-VNA
The drop was mainly attributed to the sharp decline in transport and communications costs, according to the national Department of Statistics.
Lower prices were also seen in entertainment, maintenance, and educational services while the costs of medical treatment, food and non-alcoholic drinks followed an upward trend.
Economists forecasted the country’s average inflation rate to reach 3.9 percent in 2015 and 3.1 percent in 2016.-VNA
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