Malaysia's consumer price inflation slowed at a faster-than-expected pace in March, figures from the Department of Statistics showed Wednesday.
The consumer price index rose 2.6 percent year-over-year in March, much slower than the 4.2 percent climb in the previous month. Economists had expected the inflation to slow to 3.4 percent.
Prices of food and non-alcoholic beverages grew 5.0 percent annually in March and utility costs increased by 3.1 percent. At the same time, transport costs plunged 8.2 percent.
On a monthly basis, consumer prices dropped 0.6 percent in March after showing no variations in February.
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