Inflation growth below 1%, zero-rated GST seen as one reason


A sign showing the difference in price after the zero-rated Goods & Services Tax (GST) takes effect as a supervisor arranges goods at GAMA Supermarket and Departmental Store, in Penang./Picby:CHAN BOON KAI/The Star/1 June 2018.

PETALING JAYA: In a sign of receding inflationary pressure, the consumer price index (CPI) growth in June slowed to its lowest level in 40 months, coming in sharply below consensus estimate at less than 1%, according to the Statistics Department.

Thanks to the zero-rated goods and services tax (GST), Malaysia’s CPI, a gauge of inflation, decelerated to 0.8% year-on-year (y-o-y) last month from 1.8% y-o-y in May.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , inflation , CPI , GST , zero-rated , prices , economy ,

   

Next In Business News

Ringgit to trade in tight range of 4.46-4.48 versus US dollar next week
Reaping the Max from streaming
The ringgit recovery
EQ expands to Thailand
RHB, CGC in LCTF portfolio guarantee deal
Market struggles to find direction
Singapore playing roulette with casino licensing
Bidding big on Malaysian art
Inflation rises slightly in October
Building a firm facade

Others Also Read