Malaysia’s annual inflation has reached 4%
2022.12.23 00:26
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Malaysia’s annual inflation has reached 4%
Budrigannews.com – According to data released by the government on Friday, Malaysia’s consumer price index (CPI) in November remained at a 4% increase from a year earlier, which was in line with expectations.
15 economists in a Budrigannews poll had predicted a 3.9% increase.
The Statistics Department reports a 4% increase in the index in October.
Chief statistician Mohd Uzir Mahidin stated in a statement that the primary factor contributing to the rise in inflation this month was a 7.3% increase in food prices.
This year, record government subsidies and price control measures have largely stifled inflation in the Southeast Asian nation.
More Japanese households worried about high interest rates
The central bank stated last month that although headline inflation is expected to moderate after reaching a peak of 4.5 percent in the third quarter, it will still remain elevated.
