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Malaysia’s Dec CPI rises 1.0% y/y, in line with forecast

KUALA LUMPUR, Jan 22 (Reuters) – Malaysia’s December consumer price index (CPI) rose 1.0% from a year earlier, as expected, driven by expansion in all but two sectors tracked by the index, government data showed on Wednesday.

Economists in a Reuters poll had expected a rise of 1.0%. December’s pace was marginally quicker than November’s 0.9% expansion.

Prices fell in the clothing and footwear and transport sectors.

Malaysia’s central bank said in November headline inflation is expected to remain modest in 2020, though higher than the previous year. (Reporting by Joseph Sipalan; Editing by Subhranshu Sahu)

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