Malaysia's inflation increased at a slower rate to
3.3 per cent in April 2023
Malaysia’s inflation increased at a slower rate
to 3.3 per cent in April 2023 with the index points recorded at 130.0 as
against 125.9 in the same month of the previous year. The increase in
Malaysia’s inflation was still driven by Restaurants & Hotels (6.6%) and
Food & Non-Alcoholic Beverages (6.3%). Nevertheless, the slower increase in
the Transport group of 2.3 per cent as compared to March 2023 (2.4%) to a
certain extent offset Malaysia’s inflation from continuing to rise higher.
Apart from that, the increase in Malaysia’s
inflation for April 2023 also contributed by the rise in Furnishings, Household
Equipment & Routine Household Maintenance (3.0%); Miscellaneous Goods &
Services (2.5%); Health (2.1%) and Recreation Services & Culture (1.8%).
The increase in the component of Food at home
was driven mainly by the increase in the subgroup of Meat (9.2%), followed by
Milk, cheese & eggs (7.0%); Rice, bread & other cereals (6.4%) and
Fruits (5.1%). Both subgroups of Sugar, jam, honey, chocolate &
confectionery and Fish & seafood increased by 3.5 per cent and 3.1 per cent
respectively. Meanwhile, the subgroup of Vegetables showed a significant
decrease to 0.7 per cent. In addition, Oil & fats continued to decrease by
a negative 0.4 per cent. The component of Food away from home also recorded a
lower increase of 8.1 per cent as compared to March 2023 (8.6%).
The monthly headline inflation in April 2023
increased marginally at 0.1 per cent at the same rate as recorded in the
previous month. Meanwhile, core inflation eased at 3.6 per cent (March 2023:
3.8%).
At the state level, nine states recorded
increases below the national inflation level of 3.3 per cent with Kedah and
Wilayah Persekutuan Labuan recorded the lowest increase of 2.0 per cent
respectively. However, only five states recorded increases above the national
inflation level namely Wilayah Persekutuan Putrajaya (4.1%), Sarawak (3.9%), Selangor (3.8%), Pahang
(3.5%) and Perak (3.4%).
For comparison with other countries, Malaysia
recorded a lower inflation rate than the Eurozone (7.0%), Philippines (6.6%),
Singapore (5.7%), United States of America (4.9%) and Indonesia (4.3%), but
higher than Vietnam (2.8%) and Thailand (2.7%).
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