UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting reviewed the latest set of inflation figures in the Malaysian economy. Key Quotes “Headline deflation widened to -1.4% y/y in Aug (from -1.3% y/y in Jul), matching our estimate (-1.4%)… Aug’s higher deflation rate largely reflected lower electricity bills, housing rental, and fuel prices, which more than offset the rise in prices of food away from home, airline tickets, and jewelleries.” “Year-to-date, consumer price index (CPI) declined by -1.0% in the first eight months of 2020 (Jan-Aug 2019: +0.5%). This alongside expectations of easing deflationary pressures over the next few months suggests that our 2020 full-year CPI projection of -0.5% remains attainable (BNM forecast: -1.5% to +0.5%). Going into 2021, inflation is projected to return to positive territory at 2.1% (BNM forecast: 1.0%-3.0%). Volatile global oil prices and bumpy economic recovery would be wildcards for the inflation outlook.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/JPY Price Analysis: Extra consolidation looks likely near-term FX Street 1 year UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting reviewed the latest set of inflation figures in the Malaysian economy. Key Quotes “Headline deflation widened to -1.4% y/y in Aug (from -1.3% y/y in Jul), matching our estimate (-1.4%)… Aug’s higher deflation rate largely reflected lower electricity bills, housing rental, and fuel prices, which more than offset the rise in prices of food away from home, airline tickets, and jewelleries.” “Year-to-date, consumer price index (CPI) declined by -1.0% in the first eight months of 2020 (Jan-Aug 2019: +0.5%). This alongside expectations of easing deflationary pressures over the next… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
