Malaysia's inflation rate for April 2016 rose 2.1% from a year ago on higher alcoholic beverages and tobacco prices. However, the Consumer Price Index (CPI) was in line with economists' survey of 2.1%,
The Statistics Department said on Friday the on-year increase in the CPI was however, at a slower pace compared with 2.6% on-year increase in March.
April's higher CPI was due to the 20.1% spike in the index for alcoholic beverages & tobacco; food & non-alcoholic beverages (+4.2%); restaurants & hotels (+2.7%).
“In addition, the overall index is also influenced by the decrease in prices of transport group by 5.5%; communication (-2.1%) and clothing & footwear (-0.7%).
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The Statistics Department said on Friday the on-year increase in the CPI was however, at a slower pace compared with 2.6% on-year increase in March.
April's higher CPI was due to the 20.1% spike in the index for alcoholic beverages & tobacco; food & non-alcoholic beverages (+4.2%); restaurants & hotels (+2.7%).
“In addition, the overall index is also influenced by the decrease in prices of transport group by 5.5%; communication (-2.1%) and clothing & footwear (-0.7%).
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