Malaysia’s Inflation Declines by 1.4% YoY in August 2020: Department of Statistics Malaysia

Malaysia’s inflation, as indicated by the Consumer Price Index (CPI), was reported to decline 1.4% year-on-year (YoY) in August 2020, compared to the same period a year earlier, according to a statement released by the Department of Statistics Malaysia (DoSM) recently.

DoSM’s Chief Statistician, Dato Sri Mohd Uzir Mahidin, stated that the overall decline in CPI was attributed to a decrease in transport (-9.9% YoY), housing, water, electricity, gas and other fuels (-3.0% YoY), clothing and footwear (-0.6% YoY) as well as furnishings, household equipment and routine household maintenance (-0.1% YoY), which made up 45.7% of the overall CPI weight.

The decline in transport...