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Malaysia’s March inflation steady at 1.8%, beats economists’ forecast

Core inflation is up 1.7 per cent on the year

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Tan Ai Leng

Tan Ai Leng

Published Thu, Apr 25, 2024 · 03:23 PM
    • The Exchange TRX mall in Kuala Lumpur. Economists expect Malaysia’s inflation to rise in the coming months, underpinned by resilient consumer spending.
    • The Exchange TRX mall in Kuala Lumpur. Economists expect Malaysia’s inflation to rise in the coming months, underpinned by resilient consumer spending. PHOTO: TAN AI LENG, BT

    [KUALA LUMPUR] Malaysia’s inflation rate rose 1.8 per cent year on year (yoy) in March, due to increasing prices of dining out, transport and household utilities, a Department of Statistics Malaysia (DOSM) report indicated on Thursday (Apr 25).

    The inflation growth in March remained at the same pace as the previous month, and below the forecast of 2 per cent by 20 economists in a recent Reuters poll.

    Core inflation, meanwhile, rose by 1.7 per cent yoy, slower than the 1.8 per cent increase in February.

    MalaysiaAseanAsean BusinessFood prices

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