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DoSM: Malaysia's inflation in June 2022 increased 3.4 percent


123RF | @terovesalainan

KUALA LUMPUR, 22 July — Malaysia’s Consumer Price Index (CPI) increased by 3.4% year-on-year (y-o-y) from 123.3 in June 2021 to 127.4 in June 2022. This surpasses the average inflation in Malaysia for January 2011 – June 2022 period by 1.9%.

Department of Statistics Malaysia (DoSM) chief statistician, Datuk Sri Mohd Uzir Mahidin said food inflation increased by 6.1% and remained the main contributor to the rise in inflation during the month.

Other groups except for communications also recorded increases, boosting headline inflation to 3.4%.

“Transport increased by 5.4%, followed by restaurants and hotels (5.0%), furnishings, household equipment and routine household maintenance (3.4%), miscellaneous goods and services (2.2%), and recreation services and culture (2.2%)”, he said in a statement recently.

Mohd Uzir said all subgroups in food and non-alcoholic beverages went up between 2.8% and 11.9%.

Meanwhile, he said that food at home and food away from home rose by 6.1% and 6.6% respectively, contributing to the increase in food inflation.

Among food away from home that showed increases were roti canai (+10.5%), rice with side dishes (+9.7%), cooked beef (+7.8%), and food made from noodles (+7.0%).

Chicken, the largest weight in the meat subgroup (46.1%), increased 17.2%, compared with an increase of 13.4% in May 2022.

“The average price of processed chicken in June 2022 rose to RM10.02 per kilogram from RM8.55 in June 2021”, he said. Noting that the hike was in line with the increase in global food production inputs such as maize, wheat, and soybeans — major ingredients of chicken feedstuff.

Inflation expanded by 2.8% y-o-y to 126.6 in the second quarter of 2022 and increased 2.5% y-o-y in the first six months of 2022.

At the state level, Mohd Uzir said the highest increase in inflation was recorded by Wilayah Persekutuan Putrajaya at 8.1%, while Wilayah Persekutuan Labuan and Melaka were the two states with the lowest increase at 2.5%, respectively.


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