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Malaysian central bank sees inflation exceeding 8-year high

Bank Negara said in its annual report released last week that inflation would probably average 3 per cent to 4 per cent this year, up from 2.1 per cent in 2016.

Kuala Lumpur

HIGHER fuel costs probably pushed up Malaysia's inflation rate this month to above the 4.5 per cent rate posted in February, though there's no evidence that price pressures are spreading more broadly in the economy, an official from the central bank said.

Last month's...

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