By Chester Tay
KUALA LUMPUR, Malaysia--Malaysia's consumer prices rose at a slower pace for a fourth consecutive month as movement restrictions remained largely in place, dragging down economic activity amid elevated Covid-19 cases.
The consumer-price index was 2.0% higher in August compared with a year earlier, following a 2.2% rise in July, the Department of Statistics said Friday.
August's figure was lower than the median forecast for a 2.1% rise, according to a Wall Street Journal poll of five economists.
Fuel prices were the main contributor to inflation. Excluding fuel, CPI rose 0.5%, the department said.
Prices for food and utilities rose between 0.6% and 1.2%, while costs for transport-related items like fuel increased 11%.
Meanwhile, prices of other items like those under the categories of household equipment, recreation services, restaurant and hotels, alcoholic beverages and tobacco increased 0.3% to 1.7%.
Prices of clothing and footwear and miscellaneous goods and services fell between 0.4% and 0.6% in August.
The index was unchanged from July, as the marginal 0.1% increase in food and utilities prices was offset by 0.1% declines each in transport and education, the department said.
The CPI rose 2.3% for the first eight months of the year.
Write to Chester Tay at chester.tay@wsj.com
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