Rafizi said since December 2022, the country’s inflation rate had reached a more stable level.
He said at a press conference in Putrajaya that since December 2022, the country’s inflation rate has reached a more stable level.
“We hope that if it were to drop at a rate of 0.1% every two months, this downward pattern would continue in the coming months, from 3.8% down to 3.7% . Rafizi, however, said the inflation rate also depends on things beyond control such as disruptions in the supply of raw materials caused by international geopolitical factors or local disruptions such as floods.
Regarding inflation in February 2023, Rafizi said the main contributors to the month’s inflation were the food and non-alcoholic beverages category where the flood increased the price of vegetables, as well as the restaurant and hotel category which was due to the increase in domestic and international visitors.
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