Wednesday, Malaysia's Department of Statistics announced that the consumer price index or CPI rose 3.5% year-over-year in March, slower than the 3.7% increase in the previous month. Economists were looking an increase of 3.6%.

Food and non-alcoholic beverages prices rose 8.8% annually in March, while clothing and footwear prices dropped 0.6%. Transport charges were down 2.1%.

Month-on-month, the CPI declined 0.2% in March, in contrast to a 0.2% rise seen in February.

During the January to March period, consumer prices grew 3.7% compared to the same period of the previous year.

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