KUALA LUMPUR, Jan. 22 (Xinhua) -- Malaysia's annual inflation rate for 2024 recorded 1.8 percent, marking a two-year consecutive decline in inflation since 2022, official data showed Wednesday.
This was contributed by a slower rise in restaurant and accommodation services of 3.1 percent, the Department of Statistics Malaysia (DOSM) said in a statement.
This was followed by food and beverages (2 percent), health (1.8 percent), education (1.5 percent), transport (1 percent) and furnishings, household equipment and routine household maintenance (0.7 percent).
Meanwhile, inflation for the fourth quarter of 2024 increased by 1.8 percent. As for the quarter-on-quarter comparison, Malaysia's inflation showed an increase of 0.2 percent.
Malaysia's inflation also moderated to 1.7 percent in December 2024. The overall monthly inflation for December 2024 increased 0.1 percent against November 2024. ■