Inflation stays at 3.7% in February
The Department of Statistics Malaysia says the country’s inflation rate in February was still driven by restaurants and hotels and food and non-alcoholic beverages . – The Malaysian Insight file pic, March 24, 2023.
In a statement today, chief statistician Mohd Uzir Mahidin said the country’s inflation rate in February was still driven by restaurants and hotels and food and non-alcoholic beverages . “The rise in Malaysia’s inflation was also due to an increase in spending on furnishings, household equipment and routine household maintenance miscellaneous goods and services and healthcare ,” he said.
Uzir said the food and non-alcoholic beverages group contributed 29.5% of the CPI, noting that out of the 230 food items, 203 or 88.3% recorded price hikes.
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