Malaysia: Inflation increases in March after hitting an over-five-year low in February
April 22, 2015
Consumer prices increased 0.9% in March over the previous month, which contrasted the 0.6% drop tallied in February and marked the highest reading since July 2008. March’s result was mainly driven by higher prices for alcoholic beverages and tobacco, healthcare and restaurants and hotels. Conversely, prices for transport decreased compared to the previous month.
Annual inflation jumped up to 0.9% in March from February’s 0.1%. February’s print had marked an over-five-year low. The result was in line with market expectations. Despite March’s improvement, annual average inflation fell from February’s 2.7% to 2.4% in March.
Author: Cecilia Simkievich, Economist