KUALA LUMPUR, Malaysia--Malaysia's inflation in April likely eased from an eight-year high of 5.1% the previous month, according to a survey of economists this week.
The consumer-price index, the country's main inflation gauge, is expected to have risen 4.6% in April from a year earlier, according to the median forecast of 11 economists surveyed in a Wall Street Journal poll, due to moderating fuel and food prices domestically.
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The expectation is in line with the Malaysian central bank's projections that inflation will likely moderate after accelerating 4.3% in the first quarter.
Bank Negara Malaysia said in March that inflation was projected to trend higher at 3.0%-4.0% this year, compared with 2.1% in 2016, mainly because of the pass-through effect of higher global oil prices on domestic retail-fuel prices.
The central bank said, however, that cost-driven inflation was unlikely to have a significant effect on broader price trends. It said it expects core inflation to rise modestly.
The official April inflation data is due Wednesday at 0400 GMT.
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(END) Dow Jones Newswires
May 15, 2017 23:58 ET (03:58 GMT)