62783
Malaysia Inflation at 8-Year High
Malaysia Inflation at 8-Year High

Malaysia Inflation at 8-Year High

Malaysia Inflation at 8-Year High

Malaysia’s consumer price index rose to an over eight-year high in March, but economists widely expect the central bank will keep key policy interest rate steady to support a fragile recovery in economic activities, Nikkei reported. The consumer price index—Malaysia’s main gauge of inflation—rose 5.1% in March from a year earlier driven mostly by costlier fuel, official data Wednesday showed. That compares with a median 5.2% increase predicted in a Nikkei Markets poll and February’s 4.5% year-on-year gain. Inflation in March was driven by a low-base effect and higher retail fuel prices compared to a year earlier, according to a statement by the Malaysian statistics department, which measures monthly inflation. The March inflation rate is notably higher than the historical average of 3%, but it is unlikely to rattle Bank Negara Malaysia as global oil prices are expected to remain stable this year, according to UOB economist Julia Goh. Malaysia’s central bank said last month that inflation will likely average between 3 and 4% this year.

Short URL : https://goo.gl/CAOqkX
  1. https://goo.gl/cCUQEi
  • https://goo.gl/tq1pIO
  • https://goo.gl/Ld2hxy
  • https://goo.gl/dbNqJT
  • https://goo.gl/XJfVJ5

You can also read ...

WTO head Roberto Azevedo renews his concerns over worrying political headwinds, especially protectionism.
The World Trade Organization on Thursday upped its forecast...
The Reserve Bank of New Zealand
A leading global FX analyst expects New Zealand dollar to...
Asian central banks are not expected to mirror the Fed rate cycle as closely as in the past. The picture shows Indonesia Central Bank.
As the Federal Reserve signals an end to its decade of...
IMF Says Macron Reforms Crucial for French Growth
The government of French President Emmanuel Macron needs to...
Canada Doing Well
With strong economic growth in the first half of the year, the...
ECB: Immigration Boosts Euroland Labor Force
Immigrants have made a large contribution to the working-age...
Russia Overcomes Recession
The national economy is growing and creating a base for future...
Sub-Saharan Africa is still the world’s least industrialized region.
While much of Africa has achieved impressive economic growth,...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus