Malaysia: Inflation Drops to 3.9% in May 2017
Headline inflation dropped to 3.9% in May compared to 4.4% in April. It was driven mainly by lower fuel prices during the month. (prices of RON95 petrol averaged lower at RM2.09 per litre in May compared to RM2.21 per litre in April). Continued inflows into domestic financial market led to an increase in the ringgit.
” inflation dropped to 3.9% in May compared to 4.4% in April “
Non-resident inflows into the Government bond market amounted to RM9.0 billion in May, a second consecutive month of inflows. The equity market also continued to receive non-resident inflows in May, amounting to RM2.0 billion. The continued non-resident inflows has led the ringgit to be the best performer in the region in May, appreciating by 1.7% against the US dollar.
Official Press Release by Bank Negara Malaysia
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