Malaysia inflation up 2% in May, highest in eight months

[KUALA LUMPUR] Malaysia’s inflation edged up 2 per cent year on year in May, on the back of higher utility charges and dining out expenses, a report by the Department of Statistics Malaysia (DOSM) indicated on Tuesday (Jun 25).

The final figure for inflation in May is the highest in eight months, surpassing April’s 1.8 per cent and outpacing the forecast of 1.9 per cent made by a group of economists in a recent Reuters poll.

The country’s inflation had stayed at 1.8 per cent for three consecutive months since February.