June CPI rises 3.4% on-year, slightly below forecast

Transport cost, rising 16.6%, was the main driver for the increase in June's CPI.

KUALA LUMPUR: The country’s inflation rate, as measured by the Consumer Price Index (CPI), rose by 3.4% in June, due to higher fuel prices when compared with a year ago, but the increase was lower than a survey of 3.5%.

Thirteen economists polled by Reuters had forecast the index to increase 3.5% year-on-year. The index in April rose at its fastest pace in four years.