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Malaysia’s August inflation may have eased to 2.9 per cent

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KUALA LUMPUR, Sept 21 : Malaysia’s inflation may have eased slightly in August to 2.9 per cent year-on-year from 3.3 per cent in July, Standard Chartered Bank Research said today.

“This would bring eight-month 2015 inflation to 1.8 per cent — relatively manageable, in our view, considering the one-off impact of the Goods and Services tax implementation in April,” it said.

Malaysia will release August inflation numbers on Sept 23, 2015.

Among others, it expects transport costs to have eased in August, following the downward adjustment of domestic fuel costs.

However, food prices may have stayed high and continued to increase by more than three per cent year-on-year, although some consolidation could set in after the strong rise in July due to festivities, it said in its Research Report.

On balance, inflationary pressures appear to be manageable and should not affect the central bank’s monetary policy stance, it added. – Bernama



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Syndicated News

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