Malaysia Inflation Remain Unchanged In December

Malaysia's inflation remained steady in December, data from the Department of Statistics revealed on Thursday.

Consumer prices climbed 0.2 percent year-on-year in December, same as in November. Economists had expected a 0.1 percent increase.

Headline inflation was led by a 2 percent rise in prices for Housing, Water, Electricity, Gas & Other Fuels, a 1.3 percent climb in prices in Restaurants & Hotels, a 1.1 percent gain each in prices for Alcoholic Beverages & Tobacco and Education costs and a 0.7 percent increase in Food & Non-Alcoholic Beverages.

Core inflation was 0.4 percent in December.

On a monthly basis, overall consumer prices edged up 0.1 percent in December.

For the period from January to December 2018, the CPI registered an increase of 1.0 percent compared with the same period last year.