Inflation rate expected to rise 2.4%y/y in January.

By bne IntelliNews February 23, 2011
Malaysia's consumer price index(CPI) is expected to have increased 2.4%y/y in January this year , As reported by Dow Jones International News, an economist stated that food, transport and housing costs ought to have been the main reasons for inflation, he also said that upside price pressure have become more broad-based, especially for major categories in the CPI basket, such as restaurant, hotel prices, health care, miscellaneous goods and service costs .He further supported it by saying that all this is because of vigorous domestic demand and higher wage costs.

Inflation rate expected to rise 2.4%y/y in January.

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