Inflation Recorded 1.5% In November, Malaysian Economy On A Good Track?

<p>&nbsp;Recently, Malaysia's Consumer Price Index (CPI) recorded an increase when inflation data was announced which was 1.5% annually in November.</p><p><br /></p><p>It was the lowest growth rate since February 2021 in line with lower price increases for the food, health, restaurant and hotel categories.</p><p><br /></p><p>In addition, core inflation that excludes fresh food items and the price of items under government subsidies stood at 2.0% in November. Record the lowest since February 2022.</p><p><br /></p><p>According to the Department of Statistics Malaysia, the food and non-alcoholic beverages group also experienced a slower growth rate of 2.6% in November compared to 3.6% in October. The increase in restaurants and hotels also slowed to 4.3% from 4.6%.</p><p><br /></p><p><br /></p><p>Several other main groups such as water, electricity, gas and fuel also experienced an increase of 1.7% compared to 1.6% in October. Meanwhile, transportation increased by 0.1% compared to growth in October.</p><p><br /></p><p>Dr Mohd Uzir Mahidin said fried chicken was one of the products that showed a significant slow increase in November based on the effects of the food industry's promotion strategy.</p><p><br /></p><p>At the state level, inflation data still recorded an increase below the national inflation level of 1.5%.</p><p><br /></p><p>However, there are five states that recorded an increase above the national inflation level, namely Putrajaya (2.3%), Sarawak (2.0%), Perak (1.9%), Penang (1.8%) and Selangor (1.7%).</p><p><br /></p><p>He also said that all states in Malaysia also experienced an increase but not as significantly as these top five states. However, headline inflation remained unchanged at 0.1% in November compared to October.</p>