Malaysia's CPI rises 1.8% in March


KUALA LUMPUR: Malaysia's inflation rose 1.8% in March 2024, unchanged from the previous month with the index points at 132.2 against 129.9 in March last year.

On a quarterly comparison, the country's consumer price index (CPI) increased 0.7% as compared to 0.2% in the fourth quarter of 2023.

Meanwhile, core inflation increased slower at 1.7% as compared to 1.8% in February 2024.

"The increase was due to the Food & Beverages and Restaurant & Accommodation Services which both recorded increases of 3% respectively in March 2024," said the National Statistics Department in a statement.

According to the report, the segments that saw the highest increase were housing, water, electricity, gas and other fuels, and restaurant and accommodation services.

"The increase of 3% (February 2024: 2.7%) for housing, water, electricity, gas and other fuels was contributed by the expenditure class of water supply, which increased to 31.4% in March 2024 (February 2024: 28.8%)," it said.

There were also increases in personal care, social protection and miscellaneous goods and services (2.6%) and Transport (1.3%).

Offsetting the increase were segments that recorded a slow increase, namely healthy (2.1%), food and beverages (1.7%) and recreation, sport and culture (1.5%).

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

CPI , inflation , consumer , food , transport , energy , utility , DoSM

   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read