Business News

Published: Wednesday May 22, 2013 MYT 10:07:00 AM
Updated: Thursday August 29, 2013 MYT 10:13:17 AM

Malaysia's inflation rate up 1.7% in April, highest in 11 months

KUALA LUMPUR: Higher prices of food and non-alcoholic beverages pushed Malaysia's inflation rate up 1.7% in April, which was the highest in 11 months.

The Statistics Department said on Wednesday the consumer price index (CPI) rose 1.7% from 104.5 to 106.3. The 1.7% increase was in line with Bloomberg's consensus forecast of 1.7%.

"The index for food & non-alcoholic beverages and non-food for April 2013 showed increases of 3.8% and 0.8%t respectively as compared to the same month in 2012," it said.

The department said the CPI, when compared with March, increased by 0.1%.

For the period January to April, the CPI increased by 1.5% to 106.1 from 104.5 in the previous corresponding period.

Alliance Research said following the April CPI, which was the highest in 11 months, it was maintaining its full-year target of 2.5% this year.

"While the government may likely retain subsidies for certain foodstuffs, it may be pressured to realign the subsidies for fuel (for example petroleum and diesel) and fuel-related products (e.g. cooking gas) in order to achieve the targeted fiscal deficit of 4% for this year," said the research house.

Tags / Keywords: Malaysia, Inflation rate, Highest in 11 months


  1. Nearly RM1b Langat 2 water treatment plant awarded to Salcon-MMC-AZRB JV (Update)
  2. Too few attending to last will and testament
  3. MAS share price cheapest in 12 years, makes it attractive for privatisation
  4. Another China developer flocks to Iskandar, plans RM10bil projects
  5. Car ownership in M’sia third highest in the world: Nielsen
  6. Eastspring Investments launches target income fund
  7. Four in 5 parents wished they had saved earlier for education
  8. MAS privatisation will cost Khazanah RM1.18bil
  9. Don't fear trade pacts as overall M'sia will benefit
  10. AirAsia Group says will move into KLIA2 by May 9 (Update)