World Economy

Malaysia’s Inflation Cools

Malaysia’s Inflation CoolsMalaysia’s Inflation Cools

Malaysia’s consumer price index in January rose 1% from a year earlier, its smallest increase since November 2009, reflecting the drop in global oil prices. Statistics Department Wednesday attributed the inflation rate fall to the transport category that stemmed from lower fuel prices. Economists had forecast in a Reuters poll that the annual inflation rate would ease to 1.9%, from 2.7% in December.