Warning! Malaysia Now Faces Food Inflation!

thecekodok

 At this time, it is not only the price of chicken that is a concern but in general the price of all types of food in Malaysia is soaring.


Accordingly, data from the Department of Statistics Malaysia (DOSM) showed that 89.1% of food prices recorded an increase in April in the food sector and several other sectors.


According to a statement by the Head of Statistics, Uzir Mahidin, rising food and beverage prices continued to be the main contributor to inflation with April's record up 4.1% from the same month last year.


On a monthly basis, food prices rose 4.4% in April from 4% in March.


Uzir added that the increase in the price of food and non -alcoholic beverages occurred due to the emergence of increased consumption of food outside the home.


The following is a summary of consumer price index (CPI) data for the food sub-sector.



Prices of dairy, cheese and eggs rose 7.2% from 7% in the previous month.

Meat prices jumped 6.3% while seafood prices increased 3.8%.

Vegetable prices rose 4.5% due to weather uncertainties that affected supply in the market, in addition to soaring fertilizer prices and logistics services.

Meanwhile, other sectors also saw an increase where:


CPI of restaurants and hotels rose 3.2%

The transportation CPI added 3% due to the increase in the average price of petrol.

The CPI of furniture, home furnishings and household maintenance is 2.7%.

CPI diversification of goods and services nokok 1.8%.

The CPI of recreational and cultural services expanded 1%.

CPI for housing, water, electricity, gas and other fuels jumped 0.8%.

On the other hand, the states of Selangor and Putrajaya recorded the highest CPI for food and non -alcoholic beverages at 5.7%, followed by Penang at 4.4%then Perak and Johor at 4.2%.


Apart from that, Uzir also stated that the inflation rate for those earning below RM3,000 a month increased by 2.3% to 123.6% compared to the same month last year.


In fact, the overall CPI is seen to increase by 2.3% to 125.9% in April 2022 compared to the same month in 2021.