KUALA LUMPUR: Malaysia’s inflation remained unchanged at two per cent in August 2023, similar to the growth rate recorded in July 2023, said the Department of Statistics Malaysia (DoSM).
In a statement today, DoSM said the inflation rate recorded in August was mainly due to the slower growth in restaurants and hotels, which fell to 4.7 per cent from five per cent in July 2023; food and non-alcoholic beverages , as well as miscellaneous goods and services which moderated to 2.4 per cent from 2.6 per cent in the previous month.
Meanwhile, it said the inflation rate for the transport sector for August 2023 did not record any increase as compared to -0.4 per cent in July 2023. "The highest increase was recorded by the food and non-alcoholic beverages group with a 5.1 per cent increase, followed by the restaurants and hotels group which rose 4.7 per cent and transport .
Compared with other countries, DoSM said the inflation rate of two per cent in Malaysia was lower than that in the Eurozone , the Philippines , South Korea , Indonesia and Vietnam .At the state level, chief statistician Datuk Seri Mohd Uzir Mahidin said seven states recorded increases above the national inflation level of two per cent, namely Sarawak , Putrajaya , Perlis , Perak , Selangor , Pahang and Melaka , while the other nine states recorded growth below two per cent.
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