Malaysia: Inflation rises in May
June 19, 2015
Consumer prices increased 0.4% in May, which was down from the 0.9% recorded in April. Ten of the 12 components of the index saw increases, with the highest increases found in the housing, water, electricity, gas & other fuels category, and food and non-alcoholic beverages groups. The two groups that saw decreases were non-alcoholic beverages and tobacco as well as education.
Annual inflation jumped from April’s 1.8% to 2.1% in May, marking a five-month high. The tally marginally overshot market expectations of a 2.0% increase. Despite May’s increase, annual average inflation ticked down from April’s 2.3% to 2.2% in May.
Author: Robert Hill, Economist