Malaysia's June inflation hits 7.7 pct, 27-yr high

Thomson Financial News
Malaysia's June inflation hits 7.7 pct, 27-yr high
07.23.08

KUALA LUMPUR, July 23 (Reuters) - Malaysian annual inflation leapt to more than a 27-year high of 7.7 percent in June, the government said on Wednesday.

The rise in consumer prices was sharply higher than the 6.8 percent forecast by economists and marked the quickest pace since April 1981.

The country's domestic trade minister said inflation was set to stay above 7 percent in July.