Malaysia's CPI slows to 3.8% in December 2022

Price increases in several sectors, including food and transport, slowed over the month.

The December consumer price index was down from 4% registered in November 2022, and lower than the median forecast of a Reuters poll of economists, which projected an increase of 3.9%.

He said this was mainly due to the food-at-home component, which recorded a moderate increase of 4.9% as compared to 5.8% in November 2022. For transport, the Statistics Department reported that the more moderate increase in inflation was owing to the slower increase in the average price of unleaded petrol RON97.

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