The Department of Statistics Malaysia (DOSM) released data today showing that the country's consumer inflation rose to 1.9% in April compared to the same month last year. This reading marks the fastest pace of inflation in one and a half years, picking up from a 1.7% year on year gain recorded in March. 

According to the official report, the accelerated inflation rate was primarily driven by rising transport and fuel costs amidst the fallout from global energy market pressures. Meanwhile, core inflation which strips out highly volatile fresh food prices and government administered goods clocked in just a tad slower at 2.0% for the month of April. 

Economists note that while domestic spending remains robust, the ongoing geopolitical tensions continue to pass down price pressures to local consumers. The government is expected to review its current domestic retail fuel framework to ensure price stability for necessary goods in the coming months.