RAM: Inflation moderates to 4.4% in April
17 May 2017 Print page
KUALA LUMPUR: RAM Ratings expects inflation in Malaysia to moderate to 4.4% in April 2017, compared with the high of 5.1% in March due to the tapering off of the low-base effects from the transport fuel component.
In its inaugural issue of the Economic Insight report, the rating agency said the transport fuel component had contributed significantly to the run-up in headline inflation, in the first quarter of this year.
It said the sticky uptrend in food and non-alcoholic beverage prices had also added fuel to the upward price pressures this year, driven by the removal of cooking oil subsidies in November 2016, and price growth of fish, seafood, vegetables and food away from home.
“Food away from home inflation remains the greatest driver of overall food and non-alcoholic beverage component price increases, given its heavy weight of 36.8% in this consumer price index category,” it added.
Source : http://www.thestar.com.my/business/business-news/2017/05/17/ram-inflation-moderates-to-44-in-april/#LceOlGwDrGum8osU.99