May CPI rises 4.4% on-year, Terengganu highest in country

The jump in Consumer Price Index was propelled by the surge in oil prices from a year ago.

KUALA LUMPUR: Malaysia's consumer price index (CPI) rose by 4.4% in May from a year ago, mainly due to higher transport costs caused by the rebound in oil prices, according to the Statistics Department.

Economists surveyed by Reuters had expected the index to increase 4.7% year-on-year, unchanged from April, when it grew at its fastest pace in four years.