Malaysia's Inflation Rate Calms Back!

thecekodok

 Focusing on local investors today, Malaysia's consumer price index (CPI) data for December 2022 recorded a 3.8% decline from the previous month's 4% record.


On a monthly basis, inflation in December only increased 0.2% compared to November at 0.3%.


Meanwhile, inflation for the entire year 2022 is reported to be 3.3% compared to 2.5% in 2021.


While core inflation which measures the change in the price of goods and services excluding the price of fresh food and the price of goods administered by the government was found to have jumped 4.1% in December 2022 from 4.2% in November 2022.



Follow the December inflation data summary released by the National Statistics Department (DOSM) below.


The non-alcoholic food and beverage category decreased by 6.8% in December compared to 7.1% in November

Meat sub-category plunged 7.8% from 8.2%

Milk, cheese and eggs sub-category down 7.1% from 8.9%

Bread, rice and other grains sub-category slipped 7.0% from 7.5%

Sugar, jam, honey, chocolate and sweets sub-categories jumped 4.0% from 3.6%

The fruit sub-category decreased 4.0% from 4.1%

The cooking oil sub-category fell 1.0% from 2.6%.

The transport category fell 4.9% compared to 5%

The furniture, housing and maintenance category remained at 3.7%

The restaurant and hotel category gained 7.4% compared to 7.0%

Next, the four states that experienced an increase in inflation above the national inflation rate of 3.8% in December 2022 are the Federal Territory of Putrajaya (7.9%), Selangor (4.5%), Sarawak (4.1%) and Johor (3.9%).


Meanwhile, in comparison, Malaysia recorded a lower inflation rate than some countries such as the Euro Zone (9.2%), the Philippines (8.1%), the United States (6.5%), Thailand (5.9%), Indonesia (5.5%) and Republic of Korea (5.0%).