Malaysia's inflation recorded a slower increase of 2.5% in 2023 - DoSM

KUALA LUMPUR: Malaysia's inflation in 2023 recorded a slower increase of 2.5 per cent from 3.3 per cent in 2022 with the index points at 130.4 against 127.2 in the previous year, said the Department of Statistics (DoSM).

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the slower increase of inflation in 2023 was in tandem with the decline in most global commodity prices, the easing of supply disruptions, price controls and the provision of subsidies for selected goods.