Malaysia: Inflation remains benign – ANZ

Sandeep Kanihama FXStreet Contributor

According to analysts at ANZ, at 0.2% y/y in April Malaysia’s headline CPI inflation remained unchanged from the previous month.

Key Quotes

“Although food prices declined 0.2% in the month, this was offset by a rise in transportation costs.”

“In our view, the price ceiling on domestic fuel products has likely shielded consumers from the full extent of the rise in oil prices over the last two months.”

“The trend in core inflation remains benign and with slower growth momentum, we expect this trend to continue.”

“Risks to the inflation outlook are broadly balanced – higher-than-expected oil prices pose an upside risk, while the recent changes to controlled food items could limit volatility in food prices.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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