Malaysia's inflation
in 2023 recorded a slower increase of 2.5 per cent
Malaysia's
inflation in 2023 recorded a slower increase of 2.5 per cent (2022: 3.3%) with
the index points recorded at 130.4 as against 127.2 in the previous year.
Inflation for the main groups in 2023 showed an increase except for
Communication (-3.0%). The highest increase was recorded by Restaurants & Hotels
at 5.6 per cent. This was followed by the Food & Beverages (4.8%);
Miscellaneous Goods & Services (2.4%); Furnishings, Household Equipment
& Routine Household Maintenance (2.3%); Health (2.2%); Education (1.9%);
Housing, Water, Electricity, Gas & Other Fuels (1.7%); Recreation Services
& Culture (1.5%); Transport (1.1%); Alcoholic Beverages & Tobacco
(0.6%) and Clothing & Footwear (0.3%).
The
core inflation increased to 3.0 per cent in 2023 the same rate as recorded in
2022. Among the groups that contributed to the increase were Food &
Beverages (5.8%), Restaurants & Hotels (5.6%) and Transport (4.4%).
Meanwhile, inflation for income group below RM3,000 increased 2.7 per cent in
2023 (2022: 3.3%). The Restaurants & Hotels group mainly contributed to the
increase at 5.7 per cent, followed by Food & Beverages (4.1%); Furnishings,
Household Equipment & Routine Household Maintenance (2.8%); Miscellaneous
Goods & Services (2.3%) and Health (2.1%).
All
states registered increases in inflation with five states showed an increase
above the national inflation level of 2.5 per cent in 2023. The highest
increase was recorded by Wilayah Persekutuan Putrajaya (3.4%), followed by Sarawak
(3.1%), Selangor (2.9%), Perak (2.8%) and Pahang (2.6%). Wilayah Persekutuan
Labuan recorded the lowest inflation of 1.6 per cent. Inflation for urban area
eased to 2.6 per cent in 2023 (2022: 3.6%) while inflation in rural area
increased 2.1 per cent (2022: 2.6%).
Inflation in ASEAN countries showed an increase
ranging between 0.4 per cent to 31.2 per cent in 2023. Lao P.D.R recorded the
highest inflation rate at 31.2 per cent, while Brunei recorded the lowest
inflation at 0.4 per cent. Six countries registered an inflation rate above
Malaysia (2.5%) namely Lao P.D.R, Myanmar, Philippines, Singapore, Indonesia
and Vietnam. Meanwhile, Cambodia, Thailand and Brunei were the three countries
that recorded inflation rates lower than Malaysia.
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#0 /var/www/html/dosm/vendor/yiisoft/yii2/web/Response.php(341): yii\web\Response->sendHeaders()
#1 /var/www/html/dosm/vendor/yiisoft/yii2/base/Application.php(390): yii\web\Response->send()
#2 /var/www/html/dosm/www/index.php(24): yii\base\Application->run()
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