Malaysia and China intend to collaborate to tackle inflation

IN JUNE 2022, the Statistics Department of Malaysia revealed that Malaysia’s annual inflation rate, as measured by the consumer price index (CPI), rose to 2.8% in May 2022 from 2.3% in the previous month.

This inflation rate is the highest recorded percentage since December 2021. Food prices increased by 5.2%, the most since October 2011, amid rising commodity prices.