The Financial Express

Malaysia's Nov inflation rate rises to 3.4pc, meets forecast

| Updated: December 22, 2017 12:44:34

Malaysia inflation rate eases in Nov

Malaysia's consumer price index rose 3.4 per cent in November from a year earlier, on higher transport costs, government data showed on Wednesday.

The annual inflation rate matched the 3.4 per cent forecast in a Reuters poll, and was down from the 3.7 per cent recorded in October.

Inflation in November was driven by a hike in costs for transport, food and non-alcoholic beverages, data from the Statistics Department showed.

Headline inflation reached an eight-year high of 5.1 per cent in March, but has since moderated, according to Reuters.

Malaysia's central bank expects 2017 full-year inflation to be at the higher end of its projected range of 3-4 per cent.

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