Malaysia inflation cools more than expected in September

A shopper looks at bags of rice on sale at a supermarket in Petaling Jaya in 2011.
A shopper looks at bags of rice on sale at a supermarket in Petaling Jaya in 2011. PHOTO: BLOOMBERG

KUALA LUMPUR (REUTERS) - Malaysia's consumer price index in September rose 2.6 per cent from a year earlier on higher prices for consumer goods, below expectations and moderating from August, government data showed on Friday (Oct 23).

The figure was below the 3.0 per cent median forecast by economists in a Reuters poll, and a 3.1 per cent reading in August.

Inflation has been picking up since a 6 per cent Goods and Services Tax was introduced in April.