Rise in transport, food prices fuels inflation to high of 3.2%

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Rise in transport, food prices fuels inflation to high of 3.2% theSun theSundaily prices CPI consumer transport food inflation economy

: Malaysia’s Consumer Price Index in December 2021 increased 3.2 per cent to 124.5 as against 120.6 in the same month of the preceding year due to the rise in food and fuels prices, said the Department of Statistics Malaysia .

He also said the increase of food and non-alcoholic beverages group price index at 3.2 per cent was due to higher prices of raw materials for the preparation of cooking at home, such as meat ; milk, cheese and eggs ; vegetables ; oils and fats and fish and seafood . However, he said the implementation of Skim Harga Maksimum Keluarga Malaysia by the government during Dec 7 to 31 has eased the inflation of this group from continuing to soar.

Mohd Uzir also said core inflation registered an increase of 1.1 per cent y-o-y in December 2021, contributed by the rise in the furnishings, household equipment and routine household maintenance group .

 

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