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


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.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

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

   

Next In Business News

Measures rolled out to promote growth of inland business hubs
Stocks slide on unease over jump in bond yields as focus turns to US inflation
Dollar, bitcoin slow momentum as markets eye US inflation
MMHE records net profit of RM15.27mil in 3Q
Japan's Seven & i says receives buyout proposal from founding Ito family
Elk-Desa Resources to sustain active loan recovery effort
FBM KLCI turns positive at midday
AZRB founder Tan Sri Wan Zaki dies
Sabah's Life Water rises 18.46% on Main Market debut
Ringgit opens marginally higher against US$ ahead of upcoming inflation data

Others Also Read