Malaysia: Inflation continues to decrease in May
June 15, 2016
Consumer prices in May rose 0.3% over the previous month after climbing 0.4% in April. The monthly increase was driven by higher prices for housing, water, electricity, gas and other fuels, while prices for clothing and footwear saw the only decrease.
Inflation fell from 2.1% in April to 2.0% in May, the lowest figure in 13 months. The tally was in line with market expectations. Annual average inflation in May was level with April’s reading of 2.8%
Author: Robert Hill, Economist