It’s inflation crunch time

Stocking up: Consumers can look for cheaper substitutes or cut back on discretionary spending to face rising food bills. — FAIHAN GHANI/The Star

PETALING JAYA: The public best recalibrate their spending and consumption as Malaysia reported its highest food inflation in over a decade in May, with economists projecting a continuous increase in food bills.

In May, Malaysia recorded a 2.8% year-on-year (y-o-y) increase in the consumer price index (CPI), which measures inflation.