Inflation at more than two-year low

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Inflation at more than two-year low
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SINGAPORE (The Straits Times/Asia News Network): A food processing company and its director admitted on Friday (Oct 20) to not having the expiry dates or having the wrong ones on 5,880kg of fish and meat products.

Data from the Statistics Department showed CPI growth in September eased to 1.9% year-on-year from 2% y-o-y in August.

PETALING JAYA: Malaysia’s headline inflation hit more than two-year low after the consumer price index unexpectedly decelerated further in September 2023. Data from the Statistics Department showed CPI growth in September eased to 1.9% year-on-year from 2% y-o-y in August. The latest CPI reading was the lowest since March 2021, and it came in below market consensus estimate of 2.2% y-o-y.

MIDF Research said the the softening inflationary pressure was a positive to support domestic demand to stay on expansionary path in the second half of 2023.

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