KUALA LUMPUR, July 16, 2015:

The Consumer Price Index (CPI) for July is expected to be at 2.55% year-on-year (yoy), based on the higher fuel price during the month, says MIDF Research.

It said generally the prices of food products are expected to be higher due to the festive season along with clothing and footwear.

“We also maintain our inflation target of 2-25 % for 2015,” it said in a research note today.

For June, it said, the higher figure of 2.54% was mainly attributed to the price for RON95 which was set at RM2.05/litre, the highest value since the oil pricing mechanism changed into managed floating.

However, MIDF said, the price was still five sen cheaper compared to the oil price for June 2014.

“Overall, for the first half of 2015, CPI has increased by 1.41% yoy.”

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