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