CPI falls to 2.8%, core inflation on the high side

MIDF Research cautioned that the prolonged weakness in the ringgit could lead to higher imported inflation.

PETALING JAYA: Headline inflation in Malaysia, measured by the consumer price index (CPI), rose at a slower rate of 2.8% in May as compared to the 3.3% growth recorded in April.

The reading was less than forecast by a Reuters poll of economists, who had projected a 3% increase in the index for the month.