Malaysia: Inflation hits over eight-year high in March
April 19, 2017
According to the National Statistical Institute, consumer prices in Malaysia swung from a 1.3% increase in February to a 0.1% drop in March, marking the largest decrease in six months.
Despite the month-on-month drop, inflation in March came in at 5.1%, which was above February’s 4.5% gain. While the figure fell short of market expectations of a 5.3% rise, it still marked the highest reading since November 2008. March’s print was mainly the result of a low-base effect and higher prices for fuel. Meanwhile, annual average inflation edged up to 2.3% in March from 2.1% in February.
Author: Luis Lopez Vivas, Economist