PETALING JAYA: The country’s Consumer Price Index (CPI), which measures the national inflation rate, is expected to continue declining until the third quarter of 2020. “In March and April this year, the CPI declined largely due to the ultra-low petrol and diesel prices amid the movement control order (MCO). The weightage of transportation costs to the CPI is about 15%, hence the decline in fuel prices dragged down CPI significantly. https://apicms.thestar.com.my/uploads/images/2020/05/21/690507.JPG“Moving forward, for the next several months, we will continue to see negative CPI. Despite the CPI decline in March and April, Bank Islam chief economist Mohd Afzanizam Abdul Rashid said that Malaysia has not entered deflation yet.
Source: The Star May 21, 2020 00:00 UTC