Malaysia's September CPI drops 1.4% y/y, more than forecast
21 Oct 2020 / 12:01 H.
KUALA LUMPUR, Oct 21 (Reuters) - Malaysia's consumer price index (CPI) fell for the seventh straight month in September, declining 1.4% from a year earlier, government data showed on Wednesday.
The drop was more than the 1.3% decline forecast by 10 economists in a Reuters poll. In August, the index had fallen 1.4%.
September's decline was driven largely by the transport sector index falling 9.9% on-year and lower housing, water, electricity, gas and other fuel prices, the Statistics Department said in a statement. (Reporting by Liz Lee; Editing by Subhranshu Sahu)
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