Inflation rate to hover between 3% and 3.5%

The consumer price index moderated to 3.4% year-on-year in March from 3.7% in February this year.

PETALING JAYA: Analysts have mixed views on the inflation outlook for Malaysia in the near term but expect it to hover between 3% and 3.5% for the year underpinned by slower economic growth and stable commodity prices.

In March, the consumer price index (CPI) moderated to 3.4% year-on-year (y-o-y) from 3.7% y-o-y in February this year.