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POLL-Malaysia's July CPI seen steady at 1.5% y/y

Credit: REUTERS/© Olivia Harris / Reuters

Malaysia's consumer price index in July likely rose 1.5% from a year earlier, a Reuters poll showed on Tuesday, matching the pace of the previous month.

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

* July CPI seen at 1.5% y/y vs June's 1.5% y/y

* Data due on Wednesday, Aug. 14, at 0400 GMT

KUALA LUMPUR, Aug 13 (Reuters) - Malaysia's consumer price index in July likely rose 1.5% from a year earlier, a Reuters poll showed on Tuesday, matching the pace of the previous month.

The index had risen to its fastest pace in more than a year in June, as the effects of tax policy changes introduced last year lapsed.

Inflation has been mild since an unpopular consumption tax was scrapped in June 2018, while transport costs have declined amid a government effort to cap domestic fuel prices.

Last month, Malaysia's central bank said headline inflation was expected to rise in the second half of the year.

Analysts, however, expect slowing economic growth to keep price pressures in check.

In May, Bank Negara Malaysia cut its key interest rate for the first time since 2016, amid low inflation and concerns over slowing growth. (Reporting by Rozanna Latiff; Editing by Sherry Jacob-Phillips) ((rozanna.latiff@thomsonreuters.com; +603 23338034; Reuters Messaging: rozanna.latiff.thomsonreuters.com@reuters.net)) Keywords: MALAYSIA ECONOMY/INFLATION (POLL)

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