Slight increase in CPI seen
KUALA LUMPUR: The Consumer Price Index (CPI) is expected to tick higher to an annualised 2.1 per cent in August from two per cent in July.
A Business Times poll expects the CPI to average 2.1 per cent in August. The Statistics Department will release the data today.
Bank of America Merrill Lynch expects inflation to edge higher, with the month-on-month rise to be close to 0.3 per cent.
"Inflation likely continued to be driven by prices of food, education and restaurants and accommodation."
Impact from the weaker ringgit may also begin to show up in the final consumer prices, it said.
Inflation ticked upwards in July as prices of food items picked up during the fasting month and are expected to continue in August.