Malaysia's consumer price index (CPI) recorded a decrease of 0.4 per cent in October compared to the previous month, according to Department of Statistics Malaysia figures.
Contributing factors to the decline included drops in the price of alcohol and tobacco (down 0.1 per cent), as well as the cost of transport (down 3.6 per cent) and non-durable goods (down 1.4 per cent).
Minister of domestic trade and consumer affairs Datuk Shahrir Samad says based on the downward trend of the prices of raw materials and basic commodities, inflation could fall to 7 per cent or lower, down from 7.6 percent in October.
He says the expected downtrend is based on the fall in the prices of items such as flour and rice.
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