Business

Malaysia’s inflation sees 3.4% increase in June this year: DoSM

Food sector remains main contributor to rise, notes chief statistician

Updated 4 years ago · Published on 22 Jul 2022 4:11PM

Malaysia’s inflation sees 3.4% increase in June this year: DoSM
Inflation expanded by 2.8% y-o-y to 126.6 in the second quarter of 2022, and increased 2.5% y-o-y in the first six months of 2022. – RAZAK LATIF/The Vibes file pic, July 22, 2022

KUALA LUMPUR – Malaysia’s Consumer Price Index (CPI) increased by 3.4% year-on-year (y-o-y) to 127.4 in June 2022 from 123.2 in June 2021, surpassing the average inflation in Malaysia for the January 2011-June 2022 period by 1.9%.

Department of Statistics Malaysia (DoSM) chief statistician Datuk Seri Mohd Uzir Mahidin said food inflation increased by 6.1% and remained as the main contributor to the rise in inflation during the month.  

“Other groups, except communications, also recorded increases, boosting headline inflation to 3.4%.

“Transport increased by 5.4% followed by restaurants and hotels (5.0%), furnishings, household equipment and routine household maintenance (3.4%), miscellaneous goods and services (2.2%) and recreation services and culture (2.2%),” he said in a statement today.

Uzir said all subgroups in food and non-alcoholic beverages went up between 2.8% and 11.9%.

Meanwhile, food at home and food away from home rose by 6.1% and 6.6%, respectively, contributing to the increase in food inflation, he said.

Among food away from home that showed increases were roti canai (+10.5%), rice with side dishes (+9.7%), cooked beef (+7.8%) and food made from noodles (+7.0%).

“Chicken, the largest weight in the meat subgroup (46.1%), increased 17.2%, compared with an increase of 13.4% in May 2022.

“The average price of processed chicken in June 2022 rose to RM10.02 per kg from RM8.55 in June 2021,” he said, noting that the hike was in line with the increase in global food production inputs such as maize, wheat and soybeans – major ingredients of chicken feed.

Inflation expanded by 2.8% y-o-y to 126.6 in the second quarter of 2022, and increased 2.5% y-o-y in the first six months of 2022.

At the state level, Uzir said the highest increase in inflation was recorded by Putrajaya at 8.1%, while Labuan and Melaka were the two states with the lowest increase at 2.5%, respectively. – Bernama, July 22, 2022

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