Malaysia: Inflation falls in May
June 19, 2017
According to the National Statistical Institute, consumer prices fell by 0.17% in May over the previous month, which followed April’s 0.25% drop. The monthly decrease reflected lower prices for transport along with clothing and footwear.
Inflation came in at 3.9% in May, which was significantly below April’s 4.4% and undershot market expectations of a 4.0% reading. Meanwhile, annual average inflation edged up to 2.7% in May from 2.5% in April.