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Consumer Price Index, December 2023
Latest Release : 22 January 2024
Upcoming release : 22 May 2025
22 December 2023
Consumer Price Index Malaysia 24 November 2023
Consumer Price Index Malaysia 20 October 2023
Consumer Price Index Malaysia 22 September 2023
Consumer Price Index Malaysia 25 August 2023
Consumer Price Index Malaysia 24 July 2023
Consumer Price Index Malaysia Show all release archives
Consumer Price Index Malaysia 24 November 2023
Consumer Price Index Malaysia 20 October 2023
Consumer Price Index Malaysia 22 September 2023
Consumer Price Index Malaysia 25 August 2023
Consumer Price Index Malaysia 24 July 2023
Consumer Price Index Malaysia Show all release archives
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Overview
Malaysia's inflation
remains at 1.5 per cent in December 2023
Malaysia's inflation remain at 1.5 per cent in December 2023 with the
index points recorded at 131.2 as against 129.2 in the same month of the
previous year. The increase in the inflation was driven by the lower increases in
Restaurants & Hotels, 3.7 per cent (November 2023: 4.3%); Miscellaneous
Goods & Services, 2.7 per cent (November 2023: 2.3%) and Food & Non-Alcoholic
Beverages, 2.3 per cent (November 2023: 2.6%). In addition, the other main
groups that showed an increase were Health, 2.5 per cent (November 2023: 2.3%) and
Transport, 0.3 per cent (November 2023: 0.1%).
Inflation for Food & Non-Alcoholic Beverages group increased by 2.3
per cent (November 2023: 2.6%). The component of Food at home increased to 1.3 per cent (November 2023: 1.4%) mainly driven by Rice, bread & other
cereals at 3.0 per cent (November 2023: 3.1%). This was followed by Milk,
cheese & eggs and Sugar, jam, honey, chocolate & confectionery which
inclined at 2.6 per cent and 2.2 per cent respectively. Meanwhile, the component of Food away from home
eased to 3.4 per cent (November 2023: 3.9%).
In addition, the annual headline inflation in 2023 increased by 2.5 per
cent (2022: 3.3%). This was due to an
increase in the Restaurants & Hotels, 5.6 per cent (2022: 5.0%); Food &
Non-Alcoholic Beverages, 4.8 per cent (2022: 5.8%) and Miscellaneous Goods
& Services, 2.4 per cent (2022: 2.0%). Meanwhile, monthly headline
inflation incline at 0.2 per cent (November 2023: 0.0%). A few main groups that posted increases on a monthly were the Recreation Services & Culture, 0.4 per cent (November 2023: 0.1%), Food & Non-Alcoholic
Beverages, 0.3 per cent (November 2023: -0.3%) and Transport, 0.3 per cent (November 2023: 0.1%). Core inflation increased slower at 1.9 per cent (November 2023: 2.0%) and still surpassed the overall national inflation rate
(1.5%). This was due to the Restaurants & Hotels and Food &
Non-Alcoholic Beverages which recorded moderate increases of 3.7 per cent and
3.2 per cent respectively in December 2023.
For inflation at the state level, most of the states recorded increases
below the national inflation level of 1.5 per cent. However, six states recorded
increases above the national inflation level namely Sarawak (2.4%), Wilayah
Persekutuan Putrajaya (2.1%), Perak (1.9%), Pulau Pinang (1.8%), Selangor
(1.7%) and Perlis (1.6%).
In comparison to inflation of other selected countries, inflation in
Malaysia (1.5%) was lower than inflation in the Philippines (3.9%), Vietnam
(3.6%), United States of America (3.4%), Republic of Korea (3.2%), Euro Zone
(2.9%) and Indonesia (2.6%). However, the rate is higher than Thailand (-0.8%)
and China (-0.3%).
Data
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