Jan CPI 2011 Expected at 2.4%

OSK DMG Asian Economist Enrico Tanuwidjaja sees Jan Consumer Price Index 2011 coming in at 2.4%, slightly elevated from the December figure. It'll be driven by food, which accounts for 30% of overall basket, as well as transport (16% of basket) due to rising prices. Global headline inflation for Jan 2011 seen at 7-8% mainly driven by big swings in emerging markets. Malaysia inflation forecast at 2.5% on average for this year. Housing component has been edging up since August 2010. This has been noted by authorities, so they're trying to keep a close lid on this development. See omnystudio.com/listener for privacy information.