skyline at night in Malaysia

Malaysia Inflation April 2023

Malaysia: Inflation declines to lowest level since May 2022 in April

Inflation came in at 3.3% in April, down from March’s 3.4%. April’s reading marked the lowest inflation rate since May 2022. The reading was primarily driven by softer growth in prices for food and non-alcoholic beverages. Moreover, prices for recreation services and culture grew at a more subdued pace.

The trend pointed up slightly, with annual average inflation coming in at 3.8% in April (March: 3.7%).

Finally, consumer prices rose a seasonally adjusted 0.08% in April over the previous month, matching March’s reading. April’s result marked the weakest reading since August 2021.

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