Malaysia's inflation rate decreased to 1.8% in November 2024, marking the first decline since August 2021. The Consumer Price Index (CPI) stood at 133.3, compared to 130.9 in November 2023, according to the Department of Statistics Malaysia (DOSM).
Key Highlights
Inflation by Categories
- Health: Increased by 1.2%.
- Transport: Slowed to 0.4%.
- Food & Beverages: Rose 2.6% (October: 2.3%).
- Housing, Water, Electricity, Gas & Other Fuels: Grew 3.2% (October: 3.1%).
- Information & Communication: Declined to -3.9% (October: -1.7%), primarily due to a -4.4% drop in the subgroup of Information & Communication Services.
- Clothing & Footwear: Remained in negative territory at -0.3%.
- Other sectors like Personal Care & Miscellaneous Goods (3.4%) and Restaurant & Accommodation Services (2.8%) maintained their previous rates.
State-Level Inflation
Above the National Average (1.8%):
- Pulau Pinang (2.9%)
- Pahang (2.4%)
- Selangor (2.1%)
- Johor (1.9%)
- Sarawak (1.9%)
Food & Beverages Inflation:
- Selangor: 4.0% (highest rate).
- Other notable states: Wilayah Persekutuan Putrajaya (3.4%), Johor (2.9%), and Pulau Pinang (2.6%).
Monthly Inflation
- November 2024 saw a 0.1% decrease in monthly inflation, driven by:
- Information & Communication: -2.3%.
- Transport: -0.2%.
- Clothing & Footwear: -0.1%.
Core Inflation
Core inflation remained steady at 1.8%, with notable increases in:
- Food & Beverages: 3.7%.
- Personal Care, Social Protection & Miscellaneous Goods & Services: 3.4%.
- Restaurant & Accommodation Services: 2.8%.
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