Malaysia May inflation seen picking up to 2.0%
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
[KUALA LUMPUR] Malaysia's annual inflation rate likely picked up to 2.0 per cent in May as prices continued to rise after the introduction of a consumption tax in April, a Reuters poll showed.
The government has warned that inflation may temporary spike in the months after the implementation of the 6 per cent Goods and Services Tax (GST).
The economy grew 5.6 per cent in the first quarter, as domestic demand helped to counter the effects of weak global prices and commodity exports.
Cosumer inflation in April was 1.8 per cent.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
OCBC is said to emerge as lead bidder for HSBC Indonesia assets
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
