Deflationary outlook expected

Lower crude oil prices, while a bane for major producers, are a boon for consumers.

PETALING JAYA: Malaysia may have fallen into deflation in March, with the trend expected to continue in the second and third quarters of this year, according to RAM Ratings.

In a statement issued yesterday, the rating agency projected a deflation of 0.2% in March 2020, following a stable inflation of average 1.5% in the months of January and February this year.