Malaysia’s Consumer Prices Rose 2.3% in April as Food Inflation Accelerated

- Advertisement -


by Chester Tai

- Advertisement -
- Advertisement -

Malaysia’s April consumer prices rose at a marginally faster pace than in March as food prices continued to rise due to increased fertilizer prices and logistics costs, as well as labor shortages at farm sites.

The country’s statistics department said on Wednesday that the consumer price index rose 2.3% last month compared to a year ago.
buy lariam generic bloonlineandnew.com/lariam.html over the counter

- Advertisement -

The Malaysian government said on Monday that the country is banning poultry exports from next month to curb rising chicken prices.

Consumer prices for food and non-alcoholic beverages rose 4.1% in April, as prices of meat and dairy products rose 6.2% and 7.2%, respectively, while vegetable prices were up 4.5% due to weather uncertainties. This affected the maturity of vegetables and led to a decline in supply. , the statistics department said.

Prices were also higher in restaurants and hotels, and for home appliances and transport, it said.

The April CPI reading was in line with an average 2.3% increase estimated by eight economists surveyed by The Wall Street Journal.

Core inflation, which does not include volatile items such as fresh food and goods controlled by the government, stood at 2.1% in April, up from 2.0% in March. On a monthly basis, the April CPI rose 0.2% from March.

Write to Chester Tay at [email protected]

Credit: www.marketwatch.com /

- Advertisement -

Stay on top - Get the daily news in your inbox

DMCA / Correction Notice

Recent Articles

Related Stories

Stay on top - Get the daily news in your inbox