Malaysia’s inflation eases to 1.9% in August ’24 – data

Malaysia’s inflation rate eased to 1.9 per cent in August 2024, down from 2.0 per cent in July, driven primarily by a moderation in food and beverage inflation, as per latest data released by the Department of Statistics Malaysia (DOSM) on Monday.

In August 2024, inflation rose due to increases in restaurants and lodging services (3.2 per cent), personal care, social protection, and miscellaneous goods and services (3.2 per cent), housing, water, electricity, gas and other fuels (3.1 per cent).

While food and beverage inflation remained relatively stable, the inflation rate for restaurants and lodging services moderated slightly from 3.4 per cent in July to 3.2 per cent in August, the report added.

Attribution: Department of Statistics Malaysia report

Subediting: Y.Yasser