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Malaysia’s August inflation tops forecasts

by ChemOrbis Editorial Team -
  • 23/09/2015 (18:47)
According to media reports, Malaysia’s Statistics Department revealed that the country’s inflation rate, as measured by the Consumer Price Index (CPI), for August 2015, increased by 3.1% year over year to reach 113.9. Initial estimates were calling for a 3% increase in a survey conducted by Bloomberg.

The index for food and non-alcoholic beverages rose 4.2% on the year in August while the non-food index recorded an increase of 2.5%. The alcoholic beverages and tobacco group posted the largest increase, rising by 13.4%.

According to the Statistics Department, the inflation rate was unchanged when compared to the previous month while it was up by 1.9% on the year in the first eight months of 2015.
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