Inflation up in May on rising food costs

Higher CPI: According to the Statistics Department, the Consumer Price Index for May increased by 0.3 from April on a month-on-month basis.

PETALING JAYA: Malaysia’s inflation rate rose 2% in May due to rising costs for food, which was in line with economists’ forecast.

According to MIDF Research, food and non-alcoholic beverages moderated slightly to 4.1%, stretching the decline for the third consecutive month.