KUALA LUMPUR, Dec 20 —  Malaysia’s consumer price index rose 3.4 per cent in November from a year earlier, on higher transport costs, government data showed today.

The annual inflation rate matched the 3.4 per cent forecast in a Reuters poll, and was down from the 3.7 per cent recorded in October.

Inflation in November was driven by a hike in costs for transport, food and non-alcoholic beverages, data from the Statistics Department showed.

Headline inflation reached an eight-year high of 5.1 per cent in March, but has since moderated. Malaysia’s central bank expects 2017 full-year inflation to be at the higher end of its projected range of 3-4 per cent. — Reuters