End of 2022 Beautiful? Malaysian Inflation Flat at 4%

thecekodok

 'Okay, fine. Heading to 2023 is a little lame.'


Malaysia's consumer price index (CPI) in November recorded an increase of 4%, the same reading as last October.


It also marks the country's inflation remaining low for 3 consecutive months from a peak of 4.7% in August 2022.


For the first 11 months of 2022, inflation appears to have increased by 3.4% compared to 2.3% in the same period last year.



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


The food and non-alcoholic beverage category rose 7.3% in November compared to 7.1% in October.

The food at home subcategory remained at 5.8%.

The sub-category of food from outside the home increased by 9.6% from 9.3%.

The subcategory of bread, rice and other grains added 7.5% from 7.3%.

The cooking oil sub-category fell 1.6% from 2.6%.

The meat sub-category jumped 8.2% from 7.3%.

The fruit subcategory fell 4.1% from 5.5%.

The fish and seafood sub-category was strong 3.5% from 3.4%.

The vegetable sub-category decreased 3.6% from 4.8%.

The sub-category of milk, cheese and eggs gained 8.9% from 8.8%.

The sugar, jam, honey, chocolate and confectionery subcategories rose 3.6% from 3.5%.

The alcoholic beverages and tobacco category was flat at 0.8%.

The clothing and footwear category was flat at 0.4%.

Housing, water, electricity, gas and other fuel categories fell 1.4% compared to 1.5%.

The furniture, housing goods and housing maintenance category fell 3.8% compared to 4.1%.

The health category went up 1.4 compared to 1%.

The transport category decreased by 5% compared to 5.2%.

The category of communication does not change.

The recreational and cultural services category jumped 3.6% compared to 3.4%.

Education category added 1.5% compared to 1.4%.

The restaurant and hotel category increased by 7% compared to 6.8%.

Other goods and services category rose 2.6% compared to 2.4%.

In addition, inflation in urban areas increased 4.3% compared to 4.2% and rural areas increased 3.1% compared to 3% previously.


Meanwhile, Malaysia recorded the lowest inflation reading among its regional partners with Europe (10%), the United States (7.1%), the Philippines (8%), Indonesia (5.4%) and South Korea (5%).