DoSM: Malaysia’s inflation rises 4.4pc y-o-y in May 2021

[superadmin]

KUALA LUMPUR, June 25 — The Consumer Price Index (CPI) rose by 4.4 per cent year-on-year (y-o-y) to 123.1 in May 2021 versus 117.9 in May 2020, said the Department of Statistics Malaysia (DoSM).

In a statement today, chief statistician Malaysia Datuk Seri Mohd Uzir Mahidin said the increase in the overall CPI was due to the lower base effect last year.

He said the transport index recorded the most significant growth at 26 per cent, followed by housing, water, electricity, gas and other fuels (3.2 per cent), furnishings, household equipment and routine household maintenance (2.1 per cent) and food and non-alcoholic beverages (1.5 per cent).  

Citing the Food and Agriculture Organisation (FAO) report, he said in May 2021, the global Food Price Index increased 39.7 per cent y-o-y to 127.1 and 4.8 per cent compared to the previous month.

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