Malaysia Inflation Rate Up 2.2% In March 2022

thecekodok

 'Usually when things go up, we like it, but this time it's not ok matt.'


Malaysia's user price index (CPI) saw an increase of 2.2% to 125.6 versus 122.9 recorded in March 2021.


The case was ratified by the Malaysian Ranking Office on 22 April 2022, further indicating that the average inflation rate has increased by 2.2% for the period January 2011 to March 2022, reaching a level of 1.9%.


Continuing the fact that the Chief Framing Expert, Datuk Dr Mohd Uzir Mahidin, among the main contributors to the increase was due to a 4% year-on-year increase in the food and non-alcoholic beverages collection.


He explained, food items continued to be the main contributor to inflation and the spike was due to an increase in the household food component of 4.3% compared to 4.1% last month.



He added that food sub-groups such as meat also continued to be a contributor to the 7.6% rise in food inflation in March 2020, with chicken increasing 10.5% while beef shed 4.3%.


Among other groups are as follows:


Collection of furniture, home furnishings and home maintenance accounted for 3%.

A collection of restaurants and hotels recorded 2.0%.

The haulage pool recorded 2.6%.

The assortment of goods and services rose 1.9%.

Reaction and cultural service collection added 1.1%.

Collection of housing (water, electricity and other fire materials) and children's education 0.9%.

Group health jumped 0.2%.

Meanwhile, the March 2022 base monthly CPI posted 0.3% tail growth in the freight pool at 1.1% and the miscellaneous and services pool at 0.6%.


The inflation core also saw a 2% year-over-year spike in March 2022 with the freight index recording the largest hundredths of 3.9%.

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