Malaysia May inflation rate seen at 4.0% y/y

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KUALA LUMPUR (June 19): Malaysian consumer prices in May were likely 4.0% higher from a year earlier, a Reuters poll showed, cooling in pace for the second month in a row.

Lower fuel prices last month kept transport inflation in check, despite slightly higher food costs, the economists surveyed said.

In April, annual inflation was at 4.4%, after an eight-year high of 5.1% in March.

Malaysia's central bank said headline inflation increased to 4.3% in the first quarter of 2017 but is expected to moderate in the second half.

Bank Negara Malaysia has set a 2017 inflation target of 3% to 4%.