February inflation at 3.7%

Data from the Statistics Department showed the consumer price index increased 3.7% last month from a year ago. — Reuters

PETALING JAYA: Malaysia’s headline inflation in February 2023 came in slightly higher than expected, driven by price increases in the restaurants and hotels, and food and non-alcoholic beverages segments.

Data from the Statistics Department yesterday showed the country’s consumer price index (CPI), which is a gauge of inflation, increased 3.7% last month from a year ago.