Malaysia’s consumer price inflation increased as expected in March, figures from the Department of Statistics showed Wednesday.
The consumer price index climbed 0.9 percent year-over-year in March, faster than February’s 0.1 percent slight increase. The figure was matched with economists’ expectations.
Prices of food and non-alcoholic beverages grew 2.3 percent in March from the previous year and utility costs rose by 1.9 percent.
Meanwhile, transport costs declined 4.9 percent and clothing and footwear prices went down by 0.2 percent.
On a monthly basis, consumer prices increased 0.9 percent in March. In the January to March period, the CPI grew 0.7 percent as compared to the corresponding period last year.
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