PETALING JAYA: Higher fuel prices sent the rate of inflation for March soaring to its highest level in nearly nine years, with the consumer price index (CPI) rising 5.1%.
With the headline inflation rate the highest since November 2008 but lower than expectations, it was the transport sub-sector, which tracks the price of petrol at the pump, that contributed much to the rise in inflation after it rose 23% from a year ago as the recovering price of global crude oil pushed prices higher in Malaysia.
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