Hey Malaysians! Look at Inflation Going Down Again


 Malaysia's annual inflation rate continued to show a decline in January 2023 with a record of 3.7% from 3.8% recorded in December.

It was the lowest reading since June 2022, and was further down from the 4.7% peak recorded in August.

The following is a summary of last month's inflation data released by the National Statistics Department (DOSM).

The food and non-alcoholic beverage category rose 6.7% in November compared to 6.8% in December 2022.

The food at home sub-category increased 5.1% from 4.9%.

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

The subcategory of bread, rice and other grains decreased 6.7% from 7.0%.

The cooking oil sub-category declined 0.7% from 1.0%.

The meat sub-category jumped 8.3% from 7.8%.

The fruit sub-category rose 4.4% from 4.0%.

The fish and seafood sub-category was strong 3.2% from 2.9%.

The vegetable sub-category added 1.0% from 0.9%.

The sub-category of milk, cheese and eggs decreased 7.0% from 7.1%.

The sugar, jam, honey, chocolate and sweets sub-category fell 3.4% from 4.1%.

The category of alcoholic beverages and tobacco increased by 0.8% from 0.7%.

The clothing and footwear category added 0.5% from 0.4%.

Housing, water, electricity, gas and other fuel categories were flat 1.5%.

The furniture, housing goods and housing maintenance category fell 3.5% compared to 3.7%.

The health category rose 1.6% compared to 1.3%.

The transport category decreased by 4% compared to 4.9%.

The communication category was down -1.4% from -0.1%.

The recreational and cultural services category jumped 2.7% compared to 2.4%.

Education category less 1.3% compared to 1.4%.

The restaurant and hotel category fell 6.8% compared to 7.4%.

The category of other goods and services did not change 2.3%.

In addition, inflation in urban areas fell to 3.7% compared to 4.0% and rural areas also decreased to 2.7% from 2.8% previously.

Meanwhile, Malaysia recorded the lowest inflation reading compared to several other countries, Europe (8.5%), the United States (6.4%), the Philippines (8.7%), Indonesia (5.3%), Thailand (5.0%) and South Korea (5.2%). ).