Malaysia: Inflation inches up in April
May 22, 2013
In April, consumer prices rose 0.09% over the previous month, which mirrored the result tallied in March and mainly reflected higher prices for food and non-alcoholic beverages.
As a result of the monthly price rise, inflation inched up from 1.6% in March to 1.7% in April, which was in line with market expectations. Annual average inflation, however, remained unchanged at 1.5% for a second month in a row.
FocusEconomics Consensus Forecast panellists expect inflation to accelerate in the months ahead and average 2.4% in 2013, which is unchanged from last month's projection. For 2014, the panel sees inflation rising further to 2.8%.