Stats Dept: Malaysia’s inflation eases to 4pc in Oct 2022

KUALA LUMPUR, Nov 25 ― Malaysia’s inflation fee has eased to 4. per cent in Oct 2022 when compared to the 4.5 for each cent recorded in September 2022, reported the Department of Studies Malaysia (DoSM).

Having said that, the charge continue to surpassed the nation’s typical inflation for the interval of January 2011-October 2022 of 2. for every cent, DoSM claimed in a statement right now.

Chief Statistician Malaysia Datuk Seri Mohd Uzir Mahidin mentioned the Shopper Selling price Index (CPI) for October 2022 greater by 4. for every cent yr-on-calendar year to 128.6 from 123.7 in October 2021.

He mentioned the inflation fee in Malaysia throughout the thirty day period was reduce than the inflation in the Philippines (7.7 for every cent), Thailand (6. per cent), Indonesia (5.7 for each cent), and South Korea (5.7 for every cent).

“The Eurozone’s inflation jumped to 10.7 for every cent in Oct 2022 from 9.9 for each cent in the former thirty day period driven by power inflation (41.9 per cent) food, alcohol and tobacco (13.1 for every cent) non-vitality industrial products (6. per cent) and companies (4.4 per cent),” he stated.

The inflation fee in the United States eased to 7.7 per cent in October 2022 from 8.2 per cent in September 2022.

At dwelling, the moderate maximize in the October inflation fee was driven by the slower raise for the housing, water, electrical power, fuel and other fuels group to 1.5 for every cent from 4. per cent in September 2022.

“This slower maximize was due to the absence of foundation results attributed to the discontinuation of electrical energy discounts below the Nationwide People’s Properly-Currently being and Economic Restoration Package deal (PEMULIH) from July to September 2021,” Mohd Uzir explained.

The main statistician claimed inflation for the food and non-alcoholic drinks team elevated by 7.1 for each cent vs . the 6.8 for every cent recorded in September 2022.

“There are foods merchandise that showed a slower development momentum as compared to September 2022. Between the subgroups have been veggies, which improved to 4.8 for every cent from 6.3 per cent, and oils and fats greater 2.6 for every cent from 3.8 for each cent in September 2022,” he stated.

Mohd Uzir stated apart from the meals group, all other groups ongoing to file boosts except for interaction, which remained unchanged compared to the very same thirty day period past year.

The restaurants and inns team improved by 6.8 per cent, adopted by transportation (5.2 per cent) furnishings, home gear and schedule domestic upkeep (4.1 per cent) and recreation products and services and culture (3.4 for each cent).

“In addition, miscellaneous products and products and services grew 2.4 for every cent housing, water, electrical energy, fuel and other fuels were up 1.5 per cent and education was 1.4 for every cent higher.

“Both well being and alcoholic beverages and tobacco groups greater 1. for each cent and .8 for every cent, respectively, when apparel and footwear inclined marginally .4 for every cent against October 2021,” he mentioned.

Mohd Uzur reported for the January to October 2022 time period, inflation increased by 3.3 for each cent as compared to the similar period of the earlier 12 months, primarily attributed to food and non-alcoholic beverages (5.5 per cent), transport (4.6 per cent), and eating places and accommodations (4.6 for each cent).

On a regular monthly foundation, the inflation in Oct 2022 recorded .2 per cent as compared to .1 per cent in September 2022, contributed by the food items and non-alcoholic beverages (.5 for each cent), whilst eating places and resorts and miscellaneous goods and expert services teams increased by .3 for each cent, respectively.

“A marginal enhance in transportation of .1 for each cent also contributed to the maximize,” he added.

At the state level, Mohd Uzir claimed a few states confirmed an increase higher than the countrywide inflation level of 4. for every cent. The states are Wilayah Persekutuan Putrajaya (7.6 per cent), Selangor (4.9 for every cent) and Sarawak (4.3 for every cent).

Wilayah Persekutuan Labuan recorded the most affordable boost of 2.3 per cent.

Mohd Uzir mentioned all states registered an raise in the inflation of foodstuff and non-alcoholic drinks, with the maximum boost recorded by Selangor (8.8 for every cent) adopted by Sarawak (7.8 for each cent), Penang and Wilayah Persekutuan Putrajaya at 7.6 for each cent, respectively, Johor (7.3 per cent) and Sabah (7.2 for every cent).

“Other states confirmed an raise underneath the national inflation of foodstuff & non-alcoholic beverages fee of 7.1 for every cent in Oct 2022.

“Inflation for the money group beneath RM3,000 greater 3.9 for every cent from 124.3 in October 2021 to 129.1 in October 2022, pushed by eating places and inns at 7.5 per cent, followed by the food stuff and non-alcoholic beverages team at 6.8 per cent furnishings, residence devices and plan home upkeep (4.4 for each cent) recreation solutions and society (3.4 for every cent) transportation (3. for every cent) and miscellaneous merchandise and products and services (2.1 for each cent),” he included. ― Bernama