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Malaysia Consumer Prices Drop In March

Malaysia's consumer prices dropped in March, figures from the Department of Statistics showed on Wednesday.

The consumer price index declined 0.2 percent year-on-year in March, after a 1.3 percent increase in February. Economists had expected a 0.1 percent fall.

Among the main groups, prices for transport declined 8.9 percent annually in March and clothing and footwear prices decreased by 1.3 percent.

Meanwhile, cost of food and non-alcoholic beverages rose at a faster pace of 1.2 percent following a 0.8 percent rise in February.

At the same time, prices for miscellaneous goods and services grew 2.6 percent and those of housing, water, electricity, gas and other fuels and communication increased 1.6 percent and 1.5 percent, respectively.

On a month-on-month basis, consumer prices fell 1.2 percent in March.

The core CPI rose 1.3 percent annually in March.

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