CPI increased 1.7% y/y in May.

By bne IntelliNews June 25, 2012
Malaysia's consumer price index (CPI) increased 1.7% y/y in May this year, mainly attributed to the elevated food and non-alcoholic beverage prices. As reported by Dow Jones International News, the Department of Statistics stated that the food and non-alcoholic beverages sub-index grew 2.3% y/y in April, whereas the non-food sub-index increased 1.2% y/y in April. The central bank expects the inflation to average between 2.0%-3.0% this year, as compared to 3.2% registered last year.

CPI increased 1.7% y/y in May.

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