Malaysia's inflation rate continues to climb

KUALA LUMPUR: Malaysia's inflation continued to rise, with the consumer price index (CPI) rising 3.3% in June 2014 from a year ago due to higher prices for food, but the increase was within economists’ expectations.

The Statistics Department said on Wednesday, the index for food and non-alcoholic beverages and non-food for June rose 3.5% and 3.2% respectively from a year ago.

It said the CPI, when compared with May, the CPI increased by 0.2%. The index for food and non-alcoholic beverages increased by 0.5% but the index for non-food remained unchanged.

For January to June 2014, the CPI increased by 3.4% from the previous corresponding period.

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