Inflation in Malaysia Rises by 2.2% Due to Rising Food Prices

The Department of Statistics Malaysia (DOSM) said Tuesday (April 22) that the consumer price index (CPI) rose 2.2% in March from a year earlier. This is higher than the average CPI for the period from January 2011 to March 2022 of 1.9%.

The 4% increase in inflation was due to food prices, which are a key component of the CPI and also made a significant contribution to inflation in March.

Prices for furnishings, household appliances, and general household goods rose by 3%, prices for restaurant and hotel services by 2.9%, and prices for transportation services by 2.6%.

The consumer price index for the first quarter of 2022 rose 2.2% from a year earlier and 0.3% in March from February.

Core inflation, which measures the change in prices for all goods and services except fresh food, rose 2% in March from a year earlier.

Leave a Reply

Change Language
%d bloggers like this: