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Malaysia's consumer price growth slows to 3.6pc in June
Sprawling Kampung Baru against the backdrop of the Golden Triangle, including the Petronas Twin Towers and KL Tower. u00e2u20acu201d Picture by Malay Mail

KUALA LUMPUR, July 19 — Malaysian consumer prices in June rose 3.6 per cent from a year earlier, government data showed today, slowing in pace for the third month in a row.

Economists polled by Reuters had expected annual inflation to remain unchanged from 3.9 per cent in May.

Headline inflation reached an eight-year high of 5.1 per cent in March, but has since moderated.

Inflation was driven by higher fuel and food prices with the transport index rising 10.5 per cent from a year earlier, according to data from the Statistics Department.

The index for food and non-alcoholic beverages grew 4.3 per cent year-on-year, the data showed.

Malaysia's central bank has set a 2017 inflation target of 3 to 4 per cent. — Reuters

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