Consumer prices rose last month following the increase in petrol prices. The weaker ringgit as well as the goods and services tax (GST) also contributed to inflationary pressure.
Data from the Statistics Department showed that the consumer price index (CPI), which gauges headline inflation, gained 2.5% in June compared with the same month a year ago with food and non-alcoholic beverages contributing to most of the rise in the index.
The 2.5% rise was slightly higher than economists’ assumption of a 2.4% increase. In the first-half of the year, inflation averaged 1.4%, largely due to lower petrol prices. Most do not expect Bank Negara to raise benchmark interest rates in September when the monetary policy committee meets.
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Data from the Statistics Department showed that the consumer price index (CPI), which gauges headline inflation, gained 2.5% in June compared with the same month a year ago with food and non-alcoholic beverages contributing to most of the rise in the index.
The 2.5% rise was slightly higher than economists’ assumption of a 2.4% increase. In the first-half of the year, inflation averaged 1.4%, largely due to lower petrol prices. Most do not expect Bank Negara to raise benchmark interest rates in September when the monetary policy committee meets.
Click Here For Free Signals OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance About KLSE online Feel Free To Mail Us at : info@epicresearch.my
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