Malaysia: Inflation doubles in April
May 22, 2015
Consumer prices remained stable in April at March’s 0.9%. All components of the index increased over the previous month, although April’s result was mainly driven by higher prices for communications, miscellaneous goods and services, and alcohol and tobacco.
Annual inflation jumped from March’s 0.9% to 1.8% in April, marking a four-month high. The tally undershot market expectations of a 2.1% increase. Despite April’s increase, annual average inflation ticked down from March’s 2.4% to 2.3% in April.
Author: Robert Hill, Economist