The Goods and Services Tax (GST) rolls in at midnight and many consumers are rushing to buy items they believe will cost more after the new tax. Thronging malls and marts, they are snapping up smartphones, electronics, medicines and groceries but not all those purchases may result in savings.
PETALING JAYA: Malaysia’s consumer price index (CPI) measuring headline inflation rose a lower than expected 3.9% in May compared to a year ago as fuel prices fell.
Economists had expected a 4.1% rise in the CPI, which includes volatile food and fuel prices. Core inflation, which excludes food and fuel, rose 2.6%.
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