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Food pushes Malaysia’s monthly inflation up in Jan

Malaysia’s inflation grew faster in January as compared with December and November last year due to higher prices for food and non-alcoholic beverages, RHB Research Institute said on Wednesday.

The Consumer Price Index (CPI) on which inflation figures are based rose 0.3 percent month-on-month in January this year as compared with 0.1 percent in December and November last year.

RHB noted in a report on Wednesday that the price of food and non-alcoholic beverages accelerated by 0.8 percent in January, which was faster than the 0.3 percent recorded in December and a return to the high of 0.8 percent in October, due to the Chinese New Year celebration.