Higher CPI: According to the Statistics Department, the Consumer Price Index for May increased by 0.3 from April on a month-on-month basis.
PETALING JAYA: Malaysia’s inflation rate rose 2% in May due to rising costs for food, which was in line with economists’ forecast.
According to MIDF Research, food and non-alcoholic beverages moderated slightly to 4.1%, stretching the decline for the third consecutive month.
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