Malaysia’s inflation rate rose to 1.9% in October 2024, up from 1.8% in September, with the Consumer Price Index (CPI) reaching 133.4, compared to 130.9 in October 2023. Key contributors to this increase included food and beverages (2.3%) and personal care, social protection, and miscellaneous goods (3.4%).
Other sectors such as restaurant and accommodation services (2.8%), recreation (2.0%), health (1.4%), and transport (0.7%) saw slower growth. Notably, the information and communication sector declined by -1.7%, while clothing and footwear also decreased by -0.2%.
On a monthly basis, inflation increased by 0.2%, mainly driven by food and beverages (0.8%) and personal care (0.2%). Core inflation remained steady at 1.8%. Diesel prices rose 15.0%, but at a slower pace than the previous month, while the price of RON97 petrol fell to RM3.19 per liter. Regionally, states like Pulau Pinang (3.1%) and Pahang (2.7%) had inflation rates above the national average. Malaysia’s inflation rate was lower than Vietnam (2.9%) and the Philippines (2.3%), but higher than Indonesia (1.7%) and South Korea (1.3%).
A signature BRABUS carbon-fiber design concept defines the exterior, complemented by elegant BRABUS Masterpiece interiors…
Sepang to host 2026 Bahrain Grand Prix, boosting tourism and business, with Bahrain covering hosting…
United Asiapac Energy sets IPO at 35 sen, raising RM48.7m to expand well intervention services…
Malaysia nears high-income threshold, focuses on productivity, skills, and fiscal reforms under OECD survey and…
NESCAFÉ sets record with 4,000 iced coffees in an hour, celebrating Malaysia’s evolving coffee culture…
Easing crude oil prices, which have slipped below US$89 per barrel, helping to ease inflation…
This website uses cookies.