Malaysia November Consumer Price Index, Clothing And Footwear Fell 1.4%

according to Malaysia Statistics released by the Statistics Bureau show that the country was in 2010. Consumer price index November For 115, it increased by 2% over the same period (2009) in the same period (112.8), but slightly lower than the 2.1% of the market forecast.

Malaysia economists believe that the price of global raw products has skyrocketed, coupled with higher prices of alcoholic beverages and tobacco in Malaysia, and the government's decision to reduce subsidies for fuel oil, liquefied natural gas and sugar, leading to higher prices for the former products. It is expected that the pressure of inflation will increase in Malaysia in the coming months.

However, the inflation pressure in Malaysia is still at a controlling level. It is foreseen that the central bank will continue to suspend interest rate movements until the end of this year. The interest rate for overnight maintenance will be maintained at 2.75%. Malaysia's economic activity is expected to remain the driving force next year, with the increase in prices of raw products and the gradual reduction of subsidy reduction measures, the inflation rate in Malaysia will rise to 3.4%.

In November, the prices of major consumer goods increased significantly, including alcoholic beverages and cigarettes (up 3.7%), miscellaneous products and services (up 2.8%), and non-alcoholic beverages and foods (up 2.4%); other items of rising prices included restaurants and hotels (up 1.9%), leisure, service and culture (up 1.7%), education (up 1.7%), health (up 1.6%), transportation (1.4% increase), real estate, water, electricity, gas and other fuels (1.1%), and furniture, household equipment and daily necessities (up to 0.7%).

The falling item is Clothing and footwear (down 1.4%) and newsletter (down 0.2%).

The cumulative consumer price index for Malaysia from 1 to November is 113.9, up 1.7% from 112 in the same period last year.