A reprieve for the local economy

PETALING JAYA: The local economy received its much needed reprieve when the consumer price index (CPI) showed signs of cooling in May.

Headline inflation rose at a slower rate of 2.8% year-on-year or y-o-y (April: 3.3%) and core inflation eased slightly to 3.5% y-o-y (April: 3.6%) last month.