RTTNews - Malaysia's consumer price index dropped 1.4% year-on-year in June, the Department of Statistics said Wednesday. This is reportedly the first drop in nearly 23 years. Moreover, the fall came in line with economists' expectations.
The decline was mainly due to changes in petrol and diesel prices starting from June 2008, reflecting in a 18% drop in transport prices, the statistical office said.
Month-on-month, consumer prices rose 0.1% in June. For the first six months of the year, consumer prices were up 2.5% from last year.
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