KUALA LUMPUR, Dec 23 (NNN-Bernama) — Malaysia’s inflation rate stood at 4.0 per cent in November 2022, unchanged from the preceding month, said the Department of Statistics Malaysia (DoSM) Friday.
The department said the Consumer Price Index (CPI) for November 2022 stood at 129.0 compared with 124.0 in November 2021.
Chief statistician Dr Mohd Uzir Mahidin said inflation for the food group increased by 7.3 per cent and remained the main contributor to this month’s inflation, while restaurants and hotels edged up to 7.0 per cent from 6.8 per cent in October 2022.
“Slower increase was recorded for the transport group (5.0 per cent) and furnishings, household equipment and routine household maintenance (3.8 per cent),” he said in a statement.
DoSM said other main groups which also recorded increases were recreation services and culture (3.6 per cent), miscellaneous goods and services (2.6 per cent), and education (1.5 per cent).
Meanwhile, housing, water, electricity, gas and other fuels and health groups recorded an increase of 1.4 per cent, respectively, while alcoholic beverages and tobacco, as well as clothing and footwear, inclined 0.8 per cent and 0.4 per cent, respectively, against November 2021, it said.
“Core inflation registered an increase of 4.2 per cent in November 2022 as compared to the same month of the previous year, with the highest increase recorded by the food and non-alcoholic beverages group with 8.2 per cent,” it said.
Mohd Uzir said the inflation for the January to November 2022 period increased 3.4 per cent as compared to 2.3 per cent for the same period in 2021, mainly attributed to food and non-alcoholic beverages (5.6 per cent), transport (4.7 per cent), as well as restaurants and hotels (4.7 per cent).
He noted that the inflation rate for month-on-month in November 2022 inclined 0.3 per cent as compared to 0.2 per cent recorded in October 2022, mainly contributed by the food and non-alcoholic beverages (0.7 per cent) and restaurants and hotels (0.5 per cent).
Meanwhile, health and miscellaneous goods and services groups increased by 0.3 per cent, respectively.
— NNN-BERNAMA
