Inflation rate in Malaysia for the month of August rose by 1.9%, below the forecasted 2% made my analysts. The inflation rate rise was due to the high food and non-food prices.
According to the Statistics Department, the country’s inflation rate; this is measured by the Consumer Price Index (CPI), increased by 0.1% compared to July.
“The Consumer Price Index (CPI) for the period January to August 2013 increased by 1.7% to 106.5 compared with that of 104.7 in the same period last year,” the Statistics Department said on Wednesday.
The Department said the 1.9% rise from last year was due to the increase in the index for food and non-food which increased by 3.4% and 1.0% respectively.
The Statistics Department commented further on the comparison with July, as the index for non-food rose by 0.2%, while the index for the food and non-alcoholic beverages dropped by 0.1%.
