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Financial News: Malaysia Inflation Slows In May

Malaysia Inflation Slows In May

06/25/2021 - 02:04:00 (RTTNews)

(RTTNews) - Malaysia's consumer prices inflation eased in May, data from the Department of Statistics showed on Friday.

Consumer price inflation eased to 4.4 percent in May from 4.7 percent in April. Economists had expected the inflation to remain unchanged at 4.7 percent.

The annual growth was largely driven by the rise in prices of transport by 26.0 percent.

Prices for housing, water, electricity, gas and other fuels rose 3.2 percent. Prices for furnishings, households equipment and routine household maintenance rose 2.1 percent and prices for food and non-alcoholic beverages gained 1.5 percent.

On a monthly basis, consumer prices remained unchanged in May.

The core inflation was 0.8 percent in May.

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