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Malaysia's inflation rises 2.8 pct yoy in May

Xinhua
24 Jun 2022, 18:18 GMT+10

KUALA LUMPUR, June 24 (Xinhua) -- Malaysia's inflation, as measured by consumer price index, increased 2.8 percent in May from a year ago due to higher food inflation, official data showed Friday.

The increase surpassed the average inflation of 1.9 percent in Malaysia for the period of January 2011 to May 2022.

The Department of Statistics Malaysia (DOSM) said in a statement that food inflation surged 5.2 percent in May, the highest since November 2011, as 93 percent of items in the food group recorded increases.

Other groups that led to higher inflation included transport which increased 3.9 percent.

Meanwhile, restaurants and hotels rose 3.7 percent; furnishings, household equipment and routine household maintenance climbed 2.9 percent; miscellaneous goods and services grew 1.9 percent and recreation services and culture expanded 1.8 percent.

On a monthly comparison, the CPI increased 0.6 percent in May as compared to April 2022.

Core inflation also registered an increase of 2.4 percent in May as compared to the same month of the previous year.

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