Malaysia’s inflation fee rises 2.9 pct in October on account of rising gas, utilities costs

KUALA LUMPUR — Malaysia’s inflation fee, as measured by Shopper Worth Index (CPI), rose 2.9 p.c in October 2021 from a 12 months earlier on account of rising gas and utilities costs, official knowledge confirmed Friday.

Advertisement

The rise was primarily on account of a double-digit improve of 11.Three p.c within the transport group, the Division of Statistics Malaysia (DOSM) mentioned in a press release.

Advertisement

In the meantime, the index for housing, water, electrical energy, fuel and different fuels rose 3.2 p.c.

Different gadgets similar to furnishings, family gear and routine family upkeep grew 2.1 p.c, with meals and non-alcoholic drinks rising 1.9 p.c.

The DOSM mentioned that the inflation fee for the approaching months can be influenced by exterior components such because the rise in each world crude oil and meals costs.

The opening of interstate journey can also be anticipated to have an effect on the costs of some tourism-related teams, it added.

From January to October, the CPI rose 2.Three p.c as in comparison with the identical interval final 12 months.

On a month-to-month foundation, the CPI elevated 0.7 p.c in comparison with September 2021.

Leave a Reply

Your email address will not be published. Required fields are marked *