KUALA LUMPUR – Malaysia’s inflation remained at 2.0% in June 2024, said the Statistics Department.
It said the Consumer Price Index was at 133.0 points compared to 130.4 in June 2023.
Chief statistician Datuk Seri Mohd Uzir Mahidin said the increase in inflation was driven by the incline in the main group of restaurant and accommodation services of 3.3%, as well as housing, water, electricity, gas and other fuels (3.2%).
“Inflation for restaurant and accommodation services increased to 3.3%. This was due to the increase in the main subgroup of beverage preparation services to 4.2%.
“Meanwhile, the inflation for housing, water, electricity, gas and other fuels increased at the same rate as the previous month at 3.2%,” he said in a statement today.
The chief statistician said increases were also recorded in personal care, social protection and miscellaneous goods and services (2.8%), as well as food and beverages (2.0%).
“However, clothing and footwear, and insurance and financial services, declined to negative 0.1%, respectively, compared to the same month of the previous year,” he said.
Uzir said the overall monthly inflation for June 2024 recorded an increase of 0.2%, driven by inflation for transport of 0.5%, restaurant and accommodation services (0.3%), and recreation, sports and culture (0.3%).
Meanwhile, inflation for the second quarter of 2024 recorded an incline of 1.9% compared to 1.7% in the year’s first quarter.
“Furthermore, the core inflation increased at 1.9% in June 2024, the same rate as recorded in May 2024, buoyed by restaurant and accommodation services (3.3%), and food and beverages (2.8%),” said Uzir.
Meanwhile, the Statistics Department said most states recorded increases below the national inflation level of 2.0%, but four states recorded increases above the national figure, namely Penang (3.3%), Sarawak (2.7%), Pahang (2.7%) and Selangor (2.4%). – July 24, 2024
