Inflation still at 3.1% in May as power, gas costs rise slower

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Inflation still at 3.1% in May as power, gas costs rise slower
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pemCore inflation unchanged since March, headline inflation up from 2.7% in April./em/p pLower price increases in power, gas and retail helped keep the annual rate of MAS core inflation at 3.1% for the third month in a row.

Lower price increases in power, gas and retail helped keep the annual rate of MAS core inflation at 3.1% for the third month in a row.

Latest data from the MAS and MTI showed core inflation remained unchanged since March, as the higher inflation in services was offset by lower inflation in electricity and gas, as well as in retail and other goods.Meanwhile, the headline inflation or the consumer price index All Items inflation, rose to 3.1% YoY last month fromPrice growth in the services sector quickened last month to ballooning holiday expenses and a small decline in airfares.

Retail and other goods saw prices increase at a slightly slower pace due to soft price increases in personal effects, alcoholic beverages and tobacco. Driving the high private transport inflation are prices of cars, motorcycles and petrol increasing at a faster pace....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.3.

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