Home News Malaysia inflation jumps to 4.5%, an eight year high!

Malaysia inflation jumps to 4.5%, an eight year high!




- Advertisement -

Amid the drums celebrating a good run for the Malaysian economy with exports rising slightly and gross domestic product (GDP) projected to be a little bit higher this year than projected, the government is totally silent on the sudden jump in inflation.

Inflation here accelerated to an eight-year high in February, said Nikkei Asian Review.

This was due to costlier food and retail fuel.

The consumer price index rose 4.5% in February from a year earlier, according to data released by the Department of Statistics.

- Advertisement -

Malaysia is said to have raised its inflation outlook to between 3.0% and 4.0% this year from an earlier forecast of up to 3.0% to account for higher oil prices but the central bank called it ‘modest’.

The food and non-alcoholic beverages index, which carries the highest weighting at 30.2%, climbed 4.3% from a year earlier in February, and the index for transport group that includes gasoline and diesel, surged 17.9% year-on-year, said the Statistics Department.


Follow us on Social Media

Send in your scoops to news@theindependent.sg 

- Advertisement -

Videos of car lot snatchers go viral, motorists confirm it’s not uncommon

Singapore – The topic of car park snatchers became viral online after videos of recent incidents were shared on various Facebook pages. "Recently, there have been more ill-mannered drivers who insert their car ahead of those waiting for their lot," wrote Facebook...

Domestic helpers film TikTok videos, neglect elderly and child at Bukit Batok playground

Singapore – Five foreign domestic helpers were spotted neglecting their duties in caring for the elderly while they filmed TikTok videos. A group of domestic helpers at Bukit Batok Street 25 were filmed dancing for TikTok videos at a playground, leaving the...

Opposition members meet to discuss GST hike and Leong Sze Hian’s successful crowdfunding

Singapore – Three opposition party members from the Singapore Democratic Party (SDP), Progress Singapore Party (PSP) and People's Voice (PV) met for lunch to congratulate the crowdfunding efforts of blogger Leong Sze Hian in his defamation suit and to discuss Singapore...
Follow us on Social Media

Send in your scoops to news@theindependent.sg