Malaysia: Inflation rises to highest level in a year in June
Consumer prices rose a seasonally-adjusted 0.63% in June over the previous month, accelerating from May’s 0.56% increase. June’s figure marked the sharpest increase in prices since October 2021. The reading was driven by rising prices for food and non-alcoholic beverages and transportation.
Inflation increased to 3.4% in June from May’s 2.8%. June’s result was the highest inflation rate since June 2021. Annual average inflation remained at May’s 2.6% in June.