Malaysia’s inflation rises 2.8% in May as food and transport prices increase

The Malaysian National Bureau of Statistics (DOSM) said today (June 24) that the consumer price index (CPI), a measure of inflation, rose 2.8% in May from a year earlier.

Inflation was caused by a 5.2% increase in food prices in May, the highest since November 2011, as food prices rose by more than 93%.

Another factor driving up inflation was transportation costs, which rose by 3.9% compared with the previous month.

The CPI rose by 0.6% in May compared with April. Core inflation, which measures the change in prices of all goods and services except fresh food, rose by 2.4% in May compared with the same month a year earlier.

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