Malaysia: Consumer prices decline on an annual basis in April
Consumer prices dropped a seasonally-adjusted 2.7% over the previous month in April, coming in below the 1.2% drop seen in March. The fall was broad-based with lower price pressures recorded for housing and utilities, and transportation, while food prices rose at a softer rate.
Consumer prices declined 2.9% year-on-year in April, contrasting March’s 1.3% increase. Accordingly, the trend pointed down, with annual average inflation coming in at 0.7% in April (March: 1.0%).