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Consumer Price Index Malaysia February 2023

Home » Statistics » By Themes » Prices » Consumer Price Index Malaysia February 2023
Release Date : Friday 24, March 2023 1200

 

 

Malaysia's inflation in February 2023 remained at 3.7 per cent as compared to January 2023 with the index recording 129.8 as against 129.5 in the same month of the preceding year. The increase in Malaysia’s inflation for February 2023 was driven by Restaurants & Hotels (7.4%), Food & Non-Alcoholic Beverages (7.0%) and Transportation (3.7%). This was followed by Furnishings, Household Equipment & Routine Household Maintenance (3.4%); Miscellaneous Goods & Services (2.5%) and Health (1.8%). Housing, Water, Electricity, Gas & Other Fuels and Recreation Services & Culture inclined 1.7 per cent respectively.

All subgroups in Food & Non-Alcoholic Beverages recorded an increase between 0.6 per cent to 9.0 per cent. The subgroup of Meat recorded an increase at 9.0 per cent. This was followed Food Products not elsewhere classified (8.8%); Rice, bread & other cereals (6.7%); Milk, cheese & eggs (6.6%) and Vegetables (5.8%). Sugar, jam, honey, chocolate & confectionery and Fish & seafood increased by 3.6 per cent and 3.2 per cent respectively. Meanwhile, Oils & fats subgroup moderated to 0.6 per cent.

On a monthly basis, inflation in February 2023 increased 0.2 per cent. Meanwhile, core inflation that measures changes in the prices of all goods and services, excluding volatile prices of items for fresh food as well as administered prices of goods by the government remained at 3.9 per cent.

In February 2023, six states recorded increases above the national inflation level of 3.7 per cent namely Wilayah Persekutuan Putrajaya (4.7%), Selangor (4.3%), Johor (4.1%), Sarawak (4.0%), Pahang (4.0%) and Perak (3.8%). However, Kedah and Wilayah Persekutuan Labuan recorded the lowest increase of 2.3 per cent.

Malaysia recorded a lower inflation rate than some selected countries, namely the Philippines (8.6%), Eurozone (8.5%), United States of America (6.0%), Indonesia (5.5%), Republic of Korea (4.8%), Vietnam (4.3%) and Thailand (3.8%).
 


The full publication of the Consumer Price Index Malaysia, February 2023 can be downloaded from eStatistik portal.

 

Released by:

DEPARTMENT OF STATISTICS MALAYSIA
24 March 2023
 

Contact person:

Baharudin Mohamad 
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email: baharudin[at]dosm.gov.my

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