Barefoot Investor: Petrol price hike poised to 'fuel up' Oct headline inflation


KUALA LUMPUR: Headline inflation will be higher in October, led by the hike in fuel prices, said economists.

The consumer price index is expected to rise by an average 2.72 per cent year-on-year.


The Statistics Department will be releasing the data today.

HSBC Bank said base year effects, arising from the 10-11 per cent hike in subsidised fuel prices in September, will likely keep the reading on October CPI at 2.6 per cent, which will still place it within Bank Negara Malaysia's comfort range.


Excluding food and fuel prices, core inflation is also set to remain stable at 1.3 per cent year-on-year.Irvin Seah of DBS Bank said the recent spike in inflation is largely policy-driven.

The government cut both RON 95 petrol and diesel subsidies by RM0.20 per litre. This raised the pump prices for RON95 petrol to RM2.10/litre and diesel to RM2/litre, up from RM1.90 and RM1.80, respectively.

"While that will save about RM3.3 billion per year for the government, the inflationary effect has been manifested in the headline inflation number."

Seah said the days of strong growth and low inflation are coming to an end.

He said there is also little justification for Bank Negara to start tightening monetary policy as the growth momentum is already slowing on easing domestic demand, while the inflationary impact of policy changes will be transient.(Business Times)







34 comments

Balvinder Singh said... @ May 17, 2017 at 3:48 PM

Karnataka CET (KCET) Counselling 2017

KEAM Counselling 2017

JoSAA Counselling 2017

JEE Advance 2017 Online Registration

Haryana Polytechnic 2017 Counselling

HP Polytechnic Counselling 2017

Saloni kumari said... @ May 29, 2017 at 7:06 PM

JAC Inter Result
JAC 12th Arts result
JAC 12th science result
JAC 12th commerce result

GSEB HSC Result
Maharashtra HSC Result
tamilnadu HSC Result

Unknown said... @ April 21, 2018 at 3:10 PM

I read this article very useful and interesting. Thanks you
bmw service center in Delhi

Ogen Infosystem said... @ May 21, 2018 at 5:46 PM


website designing company in Delhi

tarun said... @ July 3, 2018 at 6:36 PM


HP OfficeJet Pro 8710 Offline

MS Office Setup Activation With Product Key

HP printer is offline

Sushant Tour Travels said... @ September 16, 2018 at 12:50 AM

The Hindu religion has three basic practices. They are puja or worship, the cremation of the dead, and the rules and regulations of the caste system. Hinduism is not a proselytizing religion since you cannot be converted: you’re either born a Hindu or you’re not. Significant differences exist within this Hindu majority, arising not only out of divisions of caste, but also out of differing religious beliefs. One great divide is between devotees of the god Vishnu and devotees of the god Shiva. There are also Hindus who are members of reform movements that began in the 19th century.
The most significant of these is perhaps the Arya Samaj, which rejects divisions of caste and idol worship. Hindus may come together also as devotees of a guru, such as Sai Baba. Despite its differences, the Hindu community shares many things in common. Islam- there are more than 100 million Muslims in India (approximately 12% of the population), making it one of the largest Muslim nations on earth. Muslims are a more urban community than Hindus. There are many towns and cities in northern India where Muslims are one-third or more of the population. In addition to Jammu and Kashmir and the Lakshadweep islands, where more than two-thirds of the population is Muslim, major concentrations of Muslims live in Assam, West Bengal, Uttar Pradesh, and Kerala states. About one-quarter of all Muslims living in India live in the state of Uttar Pradesh. Muslim influence in India is particularly strong in the fields of architecture, art and food. Buddhism- Buddhism was founded in northern India in about 500 BC, spread rapidly when emperor Ashoka embraced it but was gradually reabsorbed into Hinduism. Today Hindus regard the Buddha as another incarnation of the Hindu god Vishnu. There are now only 6.6 million Buddhists in India, but important Buddhist sites in northern India, such as Bodhgaya, Sarnath (near Varanasi) and Kushinagar (near Gorakhpur) remain important sites of pilgrimage.
Jain- The Jain religion also began life as an attempt to reform Brahmin cal Hinduism. It emerged at the same time as Buddhism, and for many of the same reasons. The Jains now number only about 4.5 million and are found predominantly in the west and southwest of India. The religion has never found adherents outside India. Jains believe that the universe is infinite and was not created by a deity. They also believe in reincarnation and eventual spiritual salvation by following the path of the Jain prophets. Sikhs- The Sikhs in India number 18 million and are predominantly located in the Punjab. The religion was originally intended to bring together the best of Hinduism and Islam. Its basic tenets are similar to those of Hinduism with the important modification that the Sikhs are opposed to caste distinctions. The holiest shrine of the Sikh religion is the Golden Temple in Amritsar. Other- approximately 3% of the population is Christian and there are also a few small Jewish communities in ex-colonial enclaves. India’s population is rich with diverse ethnic and cultural groups. Ethnic groups are those based on a sense of common ancestry, while cultural groups can be either made up of people of different ethnic origins who share a common language, or of ethnic groups with some customs and beliefs in common, such as castes of a particular locality. The diverse ethnic and cultural origins of the people of India are shared by the other peoples of the Indian subcontinent, including the inhabitants of Pakistan, Bangladesh, Nepal, Bhutan, and Sri Lanka. People of India – The overwhelming majority of India’s population shares essentially the same physical characteristics. There is no concrete scientific evidence of racial differences within this majority, although there are ethnic and cultural differences, such as language and religion. Tribal Groups. There are also groups of people in India that have been identified by the government as tribal, meaning they belong to one of the more than 300 officially designated “scheduled tribes”.

Sales Fundaa said... @ October 4, 2019 at 7:05 PM

Thank you so much for sharing. really this blog concept is very good, Thanks to share this post. Keep updating your Information. Order Management Software | Field Management Software

Richard said... @ February 7, 2020 at 4:34 PM

Thanks for sharing this blog.

Richard said... @ February 7, 2020 at 4:35 PM

Article is very nice.

Richard said... @ February 7, 2020 at 4:36 PM

Nice content.

Lakisha said... @ February 12, 2020 at 9:44 PM

Discounted flights tickets to your favorite destination

Nice article. Thanks for sharing.
We provide discounted deals on airfare of flight ticket that are unpublished on travel websites, so visit our website now and book your flight ticket

Unknown said... @ March 18, 2020 at 4:28 PM

How to Fix QuickBooks Error Code 15241?

AstroPandit said... @ March 20, 2020 at 5:24 PM

Nice post.Thanks for sharing.Get your love problems solved by famous astrologer.
United kingdom's(England) most famous astrologer

Lakisha said... @ March 27, 2020 at 3:43 PM

Book Your Cheap Flights United within USA
Pocket friendly flights to bentonville arkansas USA
Best Business Class Deals Flights to Andover, New jersey USA

Blissful Life said... @ May 13, 2020 at 2:17 PM

Flight ticket reservation to Rochester Minnesota

Blissful Life said... @ May 13, 2020 at 2:19 PM

Cheap air tickets Moonachie New Jersey

Blissful Life said... @ May 13, 2020 at 2:32 PM

Check out the list of Best Selling Wines In the year 2020

Most Common Red Wine

Unknown said... @ May 20, 2020 at 11:30 PM

Best Astrologer Specilaist

Blissful Life said... @ June 19, 2020 at 5:13 PM

Flight ticket reservation on cheap flights to Rochester Minnesota


United Last Minute Flight Deals to Orlando

Unknown said... @ January 29, 2021 at 1:55 PM

thanks for comment section find wps pin
find wps pin
find wps pin
find wps pin

mehak said... @ January 31, 2021 at 1:32 PM


5 Best Wireless Gaming Mouse In India 2021

kanchan said... @ February 4, 2021 at 5:41 PM

Great work, well done. It is very so much valuable content

Best astrology website

mehak said... @ February 7, 2021 at 10:21 PM

buying guide

Bala Ji Web Services said... @ June 4, 2021 at 2:02 PM

LOVE PROBLEM SOLUTION

Bala Ji Web Services said... @ June 4, 2021 at 2:18 PM

LOVE ASTROLOGY SPECIALIST

Bala Ji Web Services said... @ June 4, 2021 at 2:19 PM

LOVE MARRIAGE SPECIALIST

Bala Ji Web Services said... @ June 4, 2021 at 2:38 PM


Love Problem Solution Specialist

Bala Ji Web Services said... @ June 4, 2021 at 3:05 PM

ASTROLOGY SPECIALIST

Bala Ji Web Services said... @ June 4, 2021 at 3:05 PM

LOVE MARRIAGE PROBLEM SOLUTION

Bala Ji Web Services said... @ June 4, 2021 at 4:12 PM

Vedic Astrology Service

Bala Ji Web Services said... @ June 4, 2021 at 4:13 PM

Black Magic Specialist

best digital marketing institute in chandigarh said... @ March 28, 2023 at 6:21 PM

thank u sharing this post.best digital marketing institute in chandigarh

RAJ said... @ August 13, 2023 at 9:19 PM

Best smartwatches under 5000 in India.click here to buy.

Mansha Sharma said... @ October 4, 2023 at 3:52 PM

coffee brands

Post a Comment

Related Posts Plugin for WordPress, Blogger...