Citicorp Investment Bank (S) Ltd vice president , Asia Pacific Economic and Market Analysis Zheng Kit Wei
PETALING JAYA: Consumer prices rose last month following the increase in petrol prices. The weaker ringgit as well as the goods and services tax (GST) also contributed to inflationary pressure.
Data from the Statistics Department showed that the consumer price index (CPI), which gauges headline inflation, gained 2.5% in June compared with the same month a year ago with food and non-alcoholic beverages contributing to most of the rise in the index.
