Thursday 28 Mar 2024
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KUALA LUMPUR (Sept 15): Malaysia's annual inflation rate likely held steady at 3.2 percent in August, as consumers continue to adjust to higher food and transport prices, a Reuters poll showed.

Economists expect inflationary pressures to persist, with a possible rise in fuel prices over the next two months seen pushing consumer prices up.

The government is gradually cutting subsidies on fuel to help strengthen its finances. The last fuel price increase was in September 2013.

Bank Negara Malaysia, the central bank, expects the country's long-term average for inflation to be at 3 percent. The forecast for inflation in August from 14 economists in the poll ranged from 3.0 to 3.5 percent.



Forecasts for Malaysia's August Consumer Price Index (CPI):      


INDIVIDUAL ESTIMATES          August CPI
(pct y/y)
Median                            3.2
High                              3.5
Low                               3.0
July                              3.2
June                              3.3
No. of respondents                14
Affin                             3.2
Ambank                            3.0
BA Merrill Lynch                  3.2
CIMB                              3.2
Credit Suisse                     3.5
Forecast Pte                      3.2
HSBC                              3.2
ING                               3.2
Kenanga                           3.2
Maybank                           3.2
Nomura                            3.1
RAM                               3.2
Standard Chartered                3.2
UOB                               3.2

 

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