RTTNews - Malaysia's consumer price index rose 2.4% year-on-year in May, after rising 3% in April, the Department of Statistics said Wednesday. Economists expected an increase of 2.2%.

During the month, food and non-alcoholic beverage prices were up 5.2%, with prices of alcoholic beverages and tobacco rising 8.1%. At the same time, non-food prices climbed 1%, with services showing the highest price rise of 3.1%.

On a monthly basis, the consumer price index increased 0.2% in May, following a 0.2% fall in the preceding month.

In the first five months of the year, consumer prices climbed 3.3% compared with the corresponding period of the previous year.

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