Malaysia: Inflation comes in at highest level since May 2021 in July
Consumer prices rose a seasonally-adjusted 0.39% from the previous month in July, a smaller increase than the 0.63% increase recorded in June. July’s result marked the weakest reading since April. The reading was largely due to a more moderate increase in prices for food and non-alcoholic beverages.
Inflation rose to 4.4% in July, following June’s 3.4%. July’s reading represented the highest inflation rate since May 2021. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 2.8% in July (June: 2.6%).