Headline inflation up 3.2%

The inflation rate in Malaysia in August rose 3.3% year-on-year, compared to the 3.2% consensus of economists polled by Reuters.

PETALING JAYA: Headline inflation, as measured by the consumer price index (CPI), rose 3.2% in July compared with the same month a year ago on higher transport costs following the gains in fuel prices.

Core inflation, which excludes more volatile food and fuel prices, gained 2.6% in July compared with a year ago while compared with June, overall prices decreased 0.1%. Economists expected headline inflation to rise by 3.4% in July.