DOSM: Malaysia’s Dec 2024 inflation eases to 1.7pc, driven by slower price increases in key sectors

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KUALA LUMPUR, Jan 22 — Malaysia’s inflation rate for December 2024 has moderated to 1.7 per cent, with the index points...

Meanwhile, Mohd Uzir said core inflation was lower at 1.6 per cent in December 2024, compared to 1.8 per cent in November 2024.“In comparison to inflation in other selected countries, inflation in Malaysia (1.7 per cent) was lower than inflation in Vietnam (2.9 per cent), the Philippines (2.9 per cent) and the Republic of Korea (1.9 per cent).“However, the rate was higher than Indonesia (1.6 per cent), Thailand (1.2 per cent) and China (0.1 per cent),” he added.

He said inflation for restaurant and accommodation services and food and beverages grew at a higher rate of 2.9 per cent and 2.7 per cent compared to 2.8 per cent and 2.6 per cent, respectively, in November 2024.

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Category: EconomyBusiness

Markets: MalaysiaChinaIndonesiaPhilippinesThailandVietnam

Topics: Department of statistics malaysia DOSM Malaysia inflation

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News Sentiment: Negative

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Article Type: News Report

Published On: 2025-01-22 @ 14:03:35 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

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