Clothing And Footwear Consumption Index Dropped Slightly In Malaysia In August

< p > according to the data released by the Malaysia Statistical Bureau, the consumer price index in August of 2013 was 107, up 1.9% from the same period in 2012 (105), which is lower than the 2% expected by the market.

< /p >

< p > > a href= "//www.sjfzxm.com/news/index_p.asp" > Malaysia < /a > economists believe that inflation in August this year is at a steady level below 2%. The government of Malaysia decided to reduce fuel subsidies in September 3rd and raise the selling price of domestic gasoline products, which will push prices higher in the coming months.

< /p >

< p > it is estimated that the Central Bank of Malaysia will continue to maintain the existing overnight interest rate to curb the sudden rise in prices.

< /p >

< p > August, the increase in the prices of major consumer goods was more significant, including alcoholic beverages and cigarettes (up 4.1%), non-alcoholic beverages and foods (up 3.6%) and Education (up 2.6%).

< /p >

< p > other price increases include restaurants and hotels (up 2.4%), health care (up 1.9%), real estate, water, electricity, gas and other fuels (up 1.8%), furniture, household equipment and daily necessities (up 1.4%), traffic (up 0.6%) and miscellaneous products and services (up 0.3%).

< /p >

< p > falling items were newsletter (down 0.7%), < a href= "//www.sjfzxm.com/news/index_c.asp" > dress < /a > and < a href= "//www.sjfzxm.com/news/index_c.asp" > footwear > /a > (down 0.4%) and leisure, entertainment services and culture (down 0.1%).

The cumulative consumer price index in Malaysia was 106.5% from 1 to August this year, up 1.7% over the same period of the previous year.

< /p >