Economy minister says inflation still moderate despite Hormuz disruption, but food and logistics costs under pressure (opens original article in a new tab)
Malaysia's inflation remains moderate at 2.0% in May, but cost pressures are rising in sectors affected by global trade disruptions, particularly logistics, agriculture, and food production, with fertiliser and livestock feed costs expected to increase. The government is implementing measures to stabilise supply and support businesses.
- Malaysia's inflation remains at 2.0% in May, slightly up from 1.9% in April
- Logistics, agriculture, and food sectors face rising costs due to global trade disruptions
- Fertiliser and livestock feed costs are projected to increase by 15-20% and 8% respectively
- Government is implementing measures to stabilise supply, prices, and support businesses
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