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Malaysia registers inflation of 2.8% in May as food prices soar

The Star Business LogoThe Star Business1 mo ago

Malaysia registers inflation of 2.8% in May as food prices soar

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KUALA LUMPUR: Malaysia recorded a 2.8% year-on-year (y-o-y) increase in inflation in May amid the accelerating cost of food, above the average expectation of a Reuters poll of economists of 2.6%.

"The increase in fuel prices was a direct impact to the increase in the price of Brent crude oil (65.2%) to US$112.37 per barrel in May 2022," said Mohd Uzir.

Malaysia registers inflation of 2.


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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: Economy Inflation Mohd Uzir Mahidin Prices Consumer price index National Statistics Department /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 12:18:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 2 minutes read

Article Length: 253 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 7195

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 36 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 51m ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

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