Malaysia June inflation rate seen steady at 3.9% y/y

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KUALA LUMPUR (July 17): Malaysian consumer prices in June likely rose 3.9% from a year earlier, a Reuters poll showed, which would be the same annual pace as May had.

Inflation was likely kept in check by lower domestic fuel prices in June, which offset higher food costs, the economists in the survey said.

Headline inflation reached an eight-year high of 5.1% in March, but then moderated.

Malaysia's central bank has set a 2017 inflation target of 3-4%.