PETALING JAYA: Malaysia’s headline inflation hit more than two-year low after the consumer price index (CPI) unexpectedly decelerated further in September 2023. Data from the Statistics Department showed CPI growth in September eased to 1.9% year-on-year (y-o-y) from 2% y-o-y in August. The latest CPI reading was the lowest since March 2021, and it came in below market consensus estimate of 2.2% y-o-y. MIDF Research said the the softening inflationary pressure was a positive to support domestic demand to stay on expansionary path in the second half of 2023.

Source: The Star October 21, 2023 15:17 UTC