August 21, 2017 / 8:36 AM / a year ago

Malaysia July inflation rate seen easing to 3.3 percent y/y: Reuters poll

KUALA LUMPUR (Reuters) - Malaysia’s consumer price index MYCPI=ECI likely rose 3.3 percent in July from a year earlier, a Reuters poll showed, slowing in pace for the fourth month in a row.

Higher food prices were kept in check likely by lower transport costs, as global oil prices fell, one of the economists surveyed said.

The headline inflation rate reached an eight-year high of 5.1 percent in March, but has since moderated.

Malaysia’s central bank has set a 2017 inflation target of 3-4 percent.

(The story corrects first paragraph to note consumer inflation index is expected to rise 3.3 percent, not prices)

Reporting by Rozanna Latiff; Editing by Gopakumar Warrier

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