Consumer price index remains above 4%

Bank Negara had forecast the rate of inflation to pick up to 6.5%-7.0% in April and May 2021 before easing to below 5.0% in June 2021

KUALA LUMPUR: While the consumer price index (CPI) gain for May remained high at above 4%, the pace of growth is expected to ease in the second half of the year as the base effect tapers off.

The CPI, an indication of inflation for the period, rose by 4.4% in May from a year ago, mainly due to higher transport costs caused by the rebound in oil prices.