Malaysia's inflation up 5.1% on higher cost of fuel


  • Economy Premium
  • Thursday, 20 Apr 2017

No queues were observed at a petrol station along Jalan University in Petaling Jaya Saturday night.

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.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , CPI , petrol , price , fuel , transport , economy , statistics , inflation ,

   

Next In Business News

Quick take: Edaran jumps 11% in active trade Premium
Bursa set to move sideways on lack of catalysts Premium
Quick take: Tafi climbs on new RM30mil contract Premium
Trading ideas: MPay, PLUS Malaysia Bhd, Scientex, TAFI Industries Premium
Ahead of Blinken trip to Malaysia and Asean, US says committed to 'unprecedented' ASEAN ties Premium
Oil price edges higher on waning fears of Omicron's effects Premium
Citigroup pauses buybacks briefly due to new capital rule Premium
GameStop discloses SEC subpeona on trading activity, posts bigger-than-expected loss Premium
GLOBAL MARKETS-Stocks, debt yields edge up as Omicron fears ease Premium
Islamic finance industry growing Premium

Others Also Read


Vouchers