Malaysia's consumer price inflation rose further in May to the highest level in nearly two years, data from the Department of Statistics showed on Friday.
The consumer price index posted an annual increase of 2.0 percent after rising 1.9 percent in April. That was slower than the 2.1 percent rise expected by economists. Moreover, a similar inflation rate was last seen in July 2024.
Inflation based on food and beverages accelerated to 1.4 percent from 1.2 percent, and that on information and communication rose to 2.1 percent from 2.0 percent. Costs for housing and utilities grew at a faster pace of 1.2 percent versus 1.1 percent in April.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.