Sat, 28 Jan 2023

Malaysia's inflation climbs 4 pct in October

Xinhua
25 Nov 2022, 16:44 GMT+10

KUALA LUMPUR, Nov. 25 (Xinhua) - Malaysia's inflation, as measured by consumer price index (CPI), rose 4 percent year on year in October, official data showed Friday.

A moderate increase in October inflation was driven by the slower increase in housing, water, electricity, gas and other fuels groups to 1.5 percent as compared to 4 percent in September, the Department of Statistics Malaysia said in a statement.

Meanwhile, the inflation for food and non-alcoholic beverages group recorded an increase of 7.1 percent as against 6.8 percent recorded in September.

Apart from the food group, all other groups also continued to record increases except for communication which remained unchanged as compared to the same month of the previous year.

Restaurants and hotels increased 6.8 percent, followed by transport which climbed 5.2 percent, furnishings, household equipment and routine household maintenance that grew 4.1 percent and recreation services and culture which rose 3.4 percent.

For the period of January to October, the inflation increased 3.3 percent as compared to a year ago.

Core inflation, which measures changes in prices of all goods and services excluding volatile items of fresh food as well as administered prices of goods by the government registered an increase of 4.1 percent in October as compared to a year earlier.

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