![]() ![]() The highest increase was recorded by the food and non-alcoholic beverages group at 7.6%, he said. Mohd Uzir added that core inflation, which measures changes in the prices of all goods and services (excluding volatile prices of fresh food, as well as government-controlled prices of goods), registered a slower increase of 3.9% y-o-y in February 2023. “However, continuous heavy rain from end-December 2022 to February 2023 in several states has led to increase in food prices, especially vegetables, wherein the inflation for the sub-group recorded a significant rise of 5.8% year-on-year (y-o-y),” he said. He noted that to reduce the cost of living and ease the inflation of food away from home, the government introduced the Menu Rahmah initiative on Jan 31, 2023. He said the food at home component, which made up almost 58% of the food and non-alcoholic beverages group, recorded a higher increase of 5.8%, compared with 5.1% in January 2023.Īt the same time, food away from home recorded a lower increase of 8.9% as against January 2023’s 9.3%, he added. ![]() Meanwhile, Mohd Uzir said the food and non-alcoholic beverages group contributed 29.5% of the total CPI, noting that out of the 230 food items, 203 items or 88.3% recorded price increases. Housing, water, electricity, gas and other fuels and recreation services and culture all recorded an increase of 1.7% respectively, while education increased by 1.6%, alcoholic beverages and tobacco rose by 0.8% and clothing and footwear expanded by 0.4%, he said. “The increase in Malaysia’s inflation was also due to the increase in furnishings, household equipment and routine household maintenance (+3.4%) miscellaneous goods and services (+2.5%) and health (+1.8%),” he said. Nevertheless, the slower increase in the transport group (+3.7%) compared with January 2023’s 4.0% had offset a further rise in inflation to a certain extent, he said. In a statement on Friday (March 24), chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the increase in Malaysia’s inflation in February 2023 was still driven by restaurants and hotels (+7.4%) and food and non-alcoholic beverages (+7.0%). KUALA LUMPUR (March 24): Malaysia’s Consumer Price Index (CPI) for February 2023 remained unchanged at 129.8 or 3.7%, said the Department of Statistics Malaysia (DOSM). ![]()
0 Comments
Leave a Reply. |