RHB | Malaysia | More Subdued Inflation Pressure Despite GST Implementation

Economic Research	21 May 2015
Malaysia
Economic Highlights
More Subdued Inflation Pressure Despite GST Implementation The headline inflation rate surged to 1.8% y-o-y in April, after rising by +0.9% in March and compared with +0.1% in February. This was mainly attributed to the implementation of a 6% Goods and Services Tax (GST) beginning from 1 April 2015. As a result, April saw broad-based m-o-m price increases in most of the segments, led by the healthcare costs, restaurants & hotels and food and non-alcoholic beverages. Economist:  Peck Boon Soon  | +603 9280 2163 Economist:  Vincent Loo Yeong Hong  | +603 9280 2172
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