Malaysia's inflation rate rose 3.4 percent in the first quarter of this year due to price hikes in almost all groups of essential goods.
In March alone, the rate was 3.5 percent as the Consumer Price Index (CPI) increased in the main groups of hotels and restaurants, services, health care and transport.
According to Alliance Research, Malaysia ’s inflation is likely to continue rising until September this year and CPI will hit its peak at 3.8 percent in August.
On April 17, Alliance Research also raised its 2014 inflation forecast to 3.5 percent from the previous 3.2 percent.
Meanwhile, the Hong Leong Bank maintained its CPI growth forecast at 3 percent for the whole year.-VNA
In March alone, the rate was 3.5 percent as the Consumer Price Index (CPI) increased in the main groups of hotels and restaurants, services, health care and transport.
According to Alliance Research, Malaysia ’s inflation is likely to continue rising until September this year and CPI will hit its peak at 3.8 percent in August.
On April 17, Alliance Research also raised its 2014 inflation forecast to 3.5 percent from the previous 3.2 percent.
Meanwhile, the Hong Leong Bank maintained its CPI growth forecast at 3 percent for the whole year.-VNA
