By Ying Xian Wong
KUALA LUMPUR–Malaysia’s consumer prices continued to rise in October, but at a slower pace than in September.
The Southeast Asian nation’s consumer-price index increased 4.0% in October from a year earlier, data from the Department of Statistics showed on Friday. The result was slightly higher than the median 3.9% increase forecast by six economists in a Wall Street Journal poll.
Housing, water, electricity, gas and other fuels group increased by 1.5% last month, compared with 4.0% in September, mainly due to the absence of a base effect and the discontinuation of electricity discounts last year.
Food and non-alcoholic beverage prices rose 7.1% last month, easing from the 6.8% increase marked in September.
On a monthly basis, inflation increased by 0.2% compared to September’s 0.1% increase.
For January to October, inflation rose 3.3% on year.
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