November 22, 2024 04:09 GMT
MALAYSIA: CPI Creates No Concerns for BNM.
MALAYSIA
- Malaysia’s CPI for October YoY rose +1.9%, marginally ahead of September’s +1.8%.
- Core inflation was steady at +1.8%.
- Food / Beverages saw the largest increase up at +2.3% with most other categories flat on last months result.
- Whilst the BNM does not have a specific inflation target their expectation for 2024 is that it will rend in the 2-3.5% range.
- Malaysia’s third quarter GDP saw an expansion of +5.3%, consistent with the quarter two result.
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