Wednesday, May 18, 2011

#Flash* April inflation surges 3.2% on-yr, up 0.2% on-month

KUALA LUMPUR: Malaysia's inflation rate rose strongly in April, with the Consumer Price Index (CPI) up 3.2% from a year ago and rising by 0.2% from March on higher food prices and non-alcoholic beverages.

The Statistics Department said on Wednesday, May 18 the CPI for the period January to April increased by 2.9% from the previous corresponding period.

Food & non-alcoholic beverages account for 30.3% of the CPI.

'The index for food & non-alcoholic beverages and non-food for April 2011 showed increases of 4.9% and 2.5% respectively as compared to the same month in 2010.

'For the period January to April 2011, the index for food & non-alcoholic beverages and non-food increased by 4.5% and 2.2% respectively,' it added.

The trend was also similar when compared to March where food & non-alcoholic beverages and non-food increased by 0.3% and 0.2%.

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