KUALA LUMPUR (Reuters) – Malaysia’s annual inflation rate is expected to edge up to 1.6 percent in March, accelerating slightly from the previous month, a Reuters poll showed.
Inflation was likely kept in check by lower fuel prices in March, which offset higher food costs, economists in the survey said.
The inflation rate was 1.4 percent in February, its slowest pace since October 2016.
Headline inflation has moderated after staying above 3 percent every month last year, peaking at 5.1 percent in March 2017.
Malaysia’s central bank left its key interest rate unchanged last month, after hiking it in January for the first time in over three years, as inflationary pressures eased.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Source: Investing.com