The rating agency said the average price of RON95 fuel fell only 0.3% year-on-year (y-o-y) in April, compared with a 4.4% y-o-y decline in March.
KUALA LUMPUR: RAM Rating Services Bhd expects Malaysia’s headline inflation to increase slightly to 1.5% in April against 1.3% in March, mainly attributed to a reduction in the negative growth contribution of retail fuel.
The rating agency said the average price of RON95 fuel fell only 0.3% year-on-year (y-o-y) in April, compared with a 4.4% y-o-y decline in March.
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