Malaysia's Inflation At 7.6 Percent In October

KUALA LUMPUR, Nov 21 (Bernama) -- Malaysia's inflation rate retreated to 7.6 percent in October with the reduction in petrol and diesel prices, among the contributing factors, the Department of Statistics said in a statement.

Domestic Trade and Consumer Affairs Minister Datuk Shahrir Samad said the Consumer Price Index (CPI) for October had shown a reduction of 0.4% as compared to the previous month.

“We expect this reduction in inflation to continue. Although we don’t know whether we will be able to achieve the 3.8% consumer price index we saw in May this year, we can definitely get inflation under control below 7%,” he told reporters at his office here on Friday.