Malaysia's Zeti says inflation may nudge higher

Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz was reported as saying on Tuesday that inflation could edge higher before tapering off later this year.

Bernama reported Zeti as saying that inflation of 3.1% in May, the biggest gain since an increase of 3.2% in the year through March 1999, was within expectations.

"Because costs are rising, inflation may edge up during the year but it will taper off in the later part of the year," the agency quoted Zeti as telling reporters after a ta