Malaysia CPI rises to 2.9pct, higher than consensus - JPMorgan

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Malaysia consumer prices ticked up 0.7 percent month-on-month in October 2021, leaving the overall headline consumer price index (CPI) at 2.9 percent, a touch higher than JPMorgan consensus.Core prices, which exclude the most volatile fresh food items and administered prices of goods and services remained flat for the fourth consecutive month, leaving core CPI inflation at 0.7 percent over-a-year ago (oya).“The uptick in October prices is mainly energy-related, broad price pressures remain benign. Headline CPI inflation expanded 0.2 percent over three months in a seasonally adjusted annual rate.“Energy-related prices drove the bulk of October’s expansion with utility and transport costs up 2.6 percent month-on-month (m-o-m) and 0.2 percent m-o-m,” it said in a note today.The rise in utility costs was expected due to the expiration of electricity bill subsidies for households u…