Malaysia: Inflation continues on the upside in June
July 20, 2011
In June, consumer prices increased 0.3% over the previous month, which mirrored the May outturn. Higher prices were seen in almost all categories across the board, although the monthly increase was mainly driven by higher prices for food and non-alcoholic beverages as well as for restaurants and hotels. Annual inflation stepped up from 3.3% in May to 3.5% in June, which was slightly below market expectations of a 3.6% increase. As a result, annual average inflation maintained the positive trend in place since June 2010, inching up from 2.4% in May to 2.5% in June.