KUALA LUMPUR: Malaysia’s economy remained in deflationary territory for the fourth month in a row in June, with the consumer price index (CPI) falling 1.9% from a year earlier, government data showed on Wednesday.
The drop in the CPI was in line with the median forecast among 12 economists surveyed. In May, the index had fallen 2.9%.
June’s decline was driven largely by lower retail fuel prices during the month, with the transport sector index falling 14.3% year-on-year, the Statistics Department said in a statement. – July 22, 2020, Reuters
