Inflation rate fell 0.2% in March as fuel prices declined

Commenting on the March CPI when compared with a year ago, chief statistician Datuk Seri Mohd Uzir Mahidin said out of 552 items covered in the CPI, the price of 337 items increased in March 2020 from a year ago. On the contrary, prices of 163 items declined while 52 items were unchanged.

KUALA LUMPUR: Malaysia’s inflation rate fell by 0.2% in March, in line with RAM Ratings’ forecast, due to a decline in the transport index as fuel costs fell.

The Statistics Department said the inflation rate, as measured by the Consumer Price Index (CPI) fell to 120.9 as against 121.1 a year ago.