Hanoi (VNA) - Malaysia's inflation jumped 4.4% annually inJuly 2022, reported the National Statistics Department (DOSM) on August29.
DOSM chief statistician Mohd Uzir Mahidin saidthe food index increased 6.9% and remained a main contributor to the rise ininflation during the month.
The increase in Malaysia’s inflation this month was also due tothe lower base effect last year as a result of the electricity bill discountfrom 5 to 40% according to total usage given to domestic consumers under theNational People's Well-Being and Economic Recovery Package from July-September2021, he said.
Apart from the food group, Mohd Uzir said all other groups alsocontinued to record increases, except for communication, from the sameperiod last year.
Restaurants andhotels increased 5.8%, followed by transport 5.6%; furnishings, household equipment& routine household maintenance 4%; and housing, water, electricity, gas& other fuels 3.8%.
Meanwhile,recreation services and culture also⛎ registered an increase of 2.5%, miscellaneousgoods & serv☂ices 2.1% and education 1.2%.
The DOSMstatement said inflation for January-July increased 2.8% compared tothe same period of the previous year.
On a monthly basis, inflation increased 0.4% compared꧃ to June./.
A shortage of food supplies due to the impact of weather and rising gasoline prices has led to increasing inflation in this Southeast Asian country, according to Malaysia’s Department of Statistics Malaysia (DOSM).
Malaysia’s inflation increased by 2.5 percent, driven by the rising food and fuel prices in 2021, the Department of Statistic Malaysia (DOSM) has said.
Malaysia’s strategy to tackle inflation and rising cost of living has shown results, especially on chicken and egg issues, Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi said.
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Illustrative image (Photo: Internet) 
