Malaysia: Consumer prices decrease on an annual basis for the third month running in May
June 24, 2020
Consumer prices rose a seasonally-adjusted 0.3% in May over the last month, rebounding from April's 2.7% drop. May's figure was the sharpest increase in prices since September 2018. The rebound was largely broad-based with greater price pressures recorded for food and non-alcoholic beverages, and transportation.
On an annual basis, consumer prices dropped 2.9% in May, matching April’s result. Meanwhile, the trend pointed down, with annual average inflation coming in at 0.4% in May (April: 0.7%).