BEIJING, Feb.25 (Xinhuanet) -- After the inflation in Malaysia plunged in January, economists reduced the forecast of annual inflation rate at between 2.3 to 4 percent.
Previously, the inflation rate forecast was between 3.3 to 4 percent.
It is expected that fuel and electricity price drop would help ease the pressure of price rise brought about by consumption tax, which will be implemented on April 1.
Domestic retail prices have declined since the Malaysian government implemented policy of floating fuel price last December.
The inflation rate slowed to 1 percent in January, lower than 2.7 percent of the month before and 3 percent of the same period last year.
