December 20, 2019 / 4:06 AM / 3 months ago

Malaysia's Nov CPI rises 0.9% y/y, below forecast

KUALA LUMPUR, Dec 20 (Reuters) - Malaysia’s November consumer price index (CPI) rose 0.9%, less than expected because of a fall in prices for clothing and footwear and lower transport costs, government data showed on Friday.

Economists in a Reuters poll had expected a rise of 1.2%.

Last month, Malaysia’s CPI rose 1.1% from a year earlier, the same pace as in September.

Malaysia’s central bank said last month that headline inflation is expected to be “low” this year and remain modest though higher in 2020.

Reporting by Liz Lee; Editing by Tom Hogue

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