Malaysia Inflation Lowest In 6 Months Amid Slowing Food Prices

Malaysia's consumer price inflation eased slightly at the end of the year to the lowest level in six months, primarily driven by a moderation in food prices, data from the Department of Statistics showed on Friday.

The consumer price index, or CPI, climbed 3.8 percent year-on-year in December, following November's 4.0 percent increase. Prices have been rising since February last year.

Further, this was the weakest inflation rate since June 2022, when prices had risen 3.4 percent.

On Thursday, Bank Negara Malaysia said headline and core inflation were expected to remain elevated in 2023 amid both demand and cost pressures, as well as any changes to domestic policy measures.