Malaysia's inflation rate unchanged at 2% in August 2023

KUALA LUMPUR: Malaysia’s inflation remained unchanged at two per cent in August 2023, similar to the growth rate recorded in July 2023, said the Department of Statistics Malaysia (DoSM).

In a statement today, DoSM said the inflation rate recorded in August was mainly due to the slower growth in restaurants and hotels, which fell to 4.7 per cent from five per cent in July 2023; food and non-alcoholic beverages (4.1 per cent against 4.4 per cent in July 2023), as well as miscellaneous goods and services which moderated to 2.4 per cent from 2.6 per cent in the previous month.