India, June 19 -- 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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