KUALA LUMPUR, May 16 ― Malaysia's inflation in 2023 recorded a slower increase of 2.5 per cent from 3.3 per cent in 2022 with the index points at 130.4 against 127.2 in...
According to the Department of Statistics, Malaysia's inflation in 2023 recorded a slower increase of 2.5 per cent from 3.3 per cent in 2022 with the index points at 130.4 against 127.2 in the previous year. ― Reuters file picKUALA LUMPUR, May 16 ― Malaysia's inflation in 2023 recorded a slower increase of 2.5 per cent from 3.3 per cent in 2022 with the index points at 130.4 against 127.2 in the previous year, said the Department of Statistics .
“Despite a decrease in energy commodity prices in 2023 as compared to 2022 , the price level of this commodity is still higher compared to pre-pandemic prices.
This was followed by the food and beverages group; miscellaneous goods and services ; furnishings, household equipment and routine household maintenance ; health ; education ; housing, water, electricity, gas and other fuels ; recreation services and culture ; transport ; alcoholic beverages and tobacco and clothing and footwear .Mohd Uzir said the food and beverages group which is the largest component of household spending in Malaysia with a contribution of 29.
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