Malaysia inflation down but the layman still feels the pinch

Rising cost: Food prices increased by 7.1% in October against the 6.8% in September.

ONE of the biggest challenges for the new government is dealing with rising inflation, which has already been a contender for topic of the year, next to hikes in interest rates across the world.

Incidentally, Malaysia’s inflation rate for October eased slightly to 4% compared with the 4.5% recorded in September, although the Statistics Department said the rate still surpassed the nation’s average inflation of 2% for the period of January 2011 to October 2022.

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