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Malaysia's August CPI falls 1.4% y/y, more than forecast

Credit: REUTERS/Lim Huey Teng

Malaysia's consumer price index (CPI) fell for the sixth month in a row in August, declining 1.4% from a year earlier, government data showed on Wednesday.

reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=MYCPI%3DECI poll data

KUALA LUMPUR, Sept 23 (Reuters) - Malaysia's consumer price index (CPI) fell for the sixth month in a row in August, declining 1.4% from a year earlier, government data showed on Wednesday.

The drop was slightly worse than the 1.2% contraction forecast by 10 economists in a Reuters poll. In July, the index had fallen 1.3%.

August's decline was driven largely by lower retail fuel prices, with the transport sector index falling 9.9% on-year, the Statistics Department said in a statement.

(Reporting by Rozanna Latiff; Editing by Clarence Fernandez and Subhranshu Sahu)

((rozanna.latiff@thomsonreuters.com; +603 23338034;))

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