March inflation rate at 1.3 pct, slowest in 20 months


Modified 18 Apr 2018, 8:26 am

The consumer price index in March rose 1.3 percent from a year earlier, its slowest pace in nearly two years, government data showed today.

March's annual inflation rate was below the 1.6 percent forecast in a Reuters poll, and at its slowest since July 2016 when it was at 1.1 percent.

The rate in February was 1.4 percent.

Inflation in March was kept in check by lower transport costs, which offset higher prices of food and non-alcoholic beverages, data from the Statistics Department showed.

Headline inflation has moderated after staying above three percent every month last year, peaking at 5.1 percent in March 2017.

The Bank Negara 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.

Share this story


By posting a comment, you agree to our Terms & Conditions as stipulated in full here


Foul language, profanity, vulgarity, slanderous, personal attack, threatening, sexually-orientated comments or the use of any method of communication that may violate any law or create needless unpleasantness will not be tolerated. Antisocial behaviour such as "spamming" and "trolling" will be suspended. Violators run the risk of also being blocked permanently.


Please use the report feature that is available below each comment to flag offending comments for our moderators to take action. Do not take matters in your own hands to avoid unpleasant and unnecessary exchanges that may result in your own suspension or ban.