Jan-Aug inflation rate rises 3.1pct, in line with expectations

Malaysia’s inflation rate increased 3.1 percent from January to August this year, in line with market expectations of 3.2 percent for 2022.

Minister in the Prime Minister’s Department (Economy) Mustapa Mohamed attributed the rise to solid domestic demand, elevated commodity prices, and disruptions to the global supply chain.

For August 2022, the inflation rate rose...