Consumer Price Index
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Consumer Price Index, December 2024
Consumer Price Index, November 2024 22 November 2024
Consumer Price Index, October 2024 24 October 2024
Consumer Price Index, September 2024 23 September 2024
Consumer Price Index, August 2024 22 August 2024
Consumer Price Index, July 2024 24 July 2024
Consumer Price Index, June 2024 Show all release archives
Overview
Malaysia’s inflation moderated to 1.7 per cent in
December 2024
Malaysia’s inflation
moderated to 1.7 per cent in December 2024 with the index points stood at 133.4
as against 131.2 in the same month of the previous year. The increase of
inflation in December 2024 was driven by a slower increase in the main groups
of Personal Care, Social Protection & Miscellaneous Goods & Services
(3.2%); Recreation, Sport & Culture (1.7%); Health (1.1%) and Furnishings,
Household Equipment & Routine Household Maintenance (0.4%). Meanwhile,
inflation for Restaurant & Accommodation Services and Food & Beverages
increased at a higher rate of 2.9 per cent and 2.7 per cent respectively.
Inflation for Information & Communication continued to decrease to negative
5.4 per cent in December 2024 (November 2024: -3.9%). Clothing & Footwear
remained at a negative territory and posted negative 0.5 per cent (November
2024: -0.3%). Meanwhile, Housing, Water, Electricity, Gas & Other Fuels
(3.2%); Education (1.5%); Alcoholic Beverages & Tobacco (0.8%); Insurance
& Financial Services (0.5%) and Transport (0.4%) increased at the same rate
as the previous month.
Most of the states
recorded inflation below the national inflation level of 1.7 per cent. However,
inflation for five states were above the national inflation level namely Pulau Pinang
(2.6%), Pahang (2.3%), Selangor (2.0%), Johor (1.8%) and Sarawak (1.8%). All
states registered an increase in the inflation of Food & Beverages. The
highest rate was recorded by Selangor at 4.1 per cent, followed by Wilayah
Persekutuan Kuala Lumpur (3.1%), Johor (3.0%), Terengganu (2.9%) and Wilayah
Persekutuan Putrajaya (2.9%). Meanwhile, other states showed an increase below
the national inflation of Food & Beverages of 2.7 per cent in December
2024.
The annual inflation rate
for 2024 recorded 1.8 percent, marking a two-year consecutive decline in
inflation since 2022 (3.3%). This was contributed by a slower incline of
Restaurant & Accommodation Services, 3.1 per cent (2023: 5.6%). This was
followed by Food & Beverages, 2.0 per cent (2023: 4.8%); Health, 1.8 per
cent (2023: 2.2%) and Education, 1.5 per cent (2023: 1.9%). The overall monthly
inflation for December 2024 increased 0.1 per cent as against November 2024.
The increase was driven by the inflation in the main group of Food &
Beverages (0.4%), Transport (0.3%) and Restaurant & Accommodation Services
(0.3%). The main group of Information & Communication showed a decline of
negative 1.7 per cent, followed by Clothing & Footwear (-0.2%). Meanwhile,
core inflation increased slower at 1.6 per cent in December 2024 as compared to
November 2024 (1.8%). The increase was due to Personal Care, Social Protection
& Miscellaneous Goods & Services (3.2%); Recreation, Sport &
Culture (1.7%) and Health (1.3%).
In comparison to
inflation in other selected countries, inflation in Malaysia (1.7%) was lower
than inflation in Vietnam (2.9%), Philippines (2.9%) and Republic of Korea
(1.9%). However, the rate was higher than Indonesia (1.6%), Thailand (1.2%) and
China (0.1%).
Data
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