Malaysia's Inflation Doesn't Go Down, What Are You Going To Do?


 It appears that the decline in Malaysia's inflation rate has failed to continue after it was reported unchanged at 3.7% year-on-year in February.

This indicates that the inflation reading remains at the lowest level since June 2022, after falling from the peak of 4.7% recorded in August.

Meanwhile, core inflation (excluding volatile fresh food prices and government subsidies) also remained at 3.9%.

On a monthly basis, inflation increased by 0.2% last month.

Here are more details on inflation in June:

Food and non-alcoholic beverages up 7.0% from 6.7%

Transport sector down 3.7% from 4.0%

The restaurant and hotel sector jumped 7.4% from 6.8%

The housing care, furniture and housing hardware sector declined 3.4% from 3.5%

Other goods and services sector rose 2.5% from 2.3%

The recreation and culture sector fell 1.7% from 2.7%

Housing, water, electricity, gas and fuel sectors rose 1.7% from 1.5%

Education sector up 1.6% compared to 1.3%

The health sector added 1.8% from 1.6%

From the details it can be seen that food inflation continued to rise last month which saw an increase for all subgroups of food at home such as meat (9%), rice, bread and cereals (6.7%) and vegetables (5.8%).

In addition, inflation in urban areas rose to 3.8% compared to 3.7% previously and rural areas also increased at 2.9% from 2.7% previously.

Malaysia continues to record the lowest inflation reading compared to several other countries, Europe (8.5%), the United States (6%), the Philippines (8.6%), Indonesia (5.5%), Thailand (3.8%) and South Korea (4.8%).