'Congratulations to Malaysia and its citizens and leaders.'
The good news in the country continues with Malaysia's annual inflation reading down at 4% in October compared to 4.5% last September.
Despite failing to meet the market's 3.9% forecast, it was the lowest reading in 3 months with the lowest recorded in June at 3.4%.
Follow the summary of October inflation data released by the National Statistics Department below.
The food and non-alcoholic beverages category rose 7.1% in October compared to 6.8% in September.
The food at home sub-category rose 5.8% from 5.7%.
The sub-category of food from outside the home increased by 9.3% from 8.7%.
The subcategory of bread, rice and other cereals added 7.3% from 6.8%.
The cooking oil sub-category fell 2.6% from 3.8%.
The meat subcategory jumped 7.3% from 6.6%.
The fruit sub-category gained 5.5% from 5.2%.
The fish and seafood sub-category was strong 3.4% from 3.3%.
The vegetable sub-category decreased 4.8% from 6.3%.
The sub-category of milk, cheese and eggs remained at 8.8%.
The sugar, jam, honey, chocolate and confectionery sub-categories rose 3.5% from 3.3%.
The category of alcoholic beverages and tobacco increased by 0.8% compared to 0.7%.
The clothing and footwear category was flat at 0.4%.
The housing, water, electricity, gas and other fuel category fell 1.5% compared to 4.%.
The furniture, housing goods and housing maintenance category fell 4.1% compared to 4.4%.
The health category remained at 1%.
The transport category decreased 5.2% compared to 5.3%.
The category of communication does not change.
The recreational and cultural services category jumped 3.4% compared to 3.1%.
Education category added 1.4% compared to 1.3%.
The restaurant and hotel category contracted 6.8% compared to 6.0%.
Other goods and services category at 2.4% in both months.
In addition, inflation in urban areas decreased 4.2% compared to 4.8% and rural areas decreased 3% compared to 3.4% previously.
In the meantime, national inflation for the period from January to October 2022 increased by 3.3% compared to the same period last year and on a monthly basis saw October's record at 0.2% from 0.1% during September.
