Headline inflation moderates to 2.2% in February on decrease transport price

KUALA LUMPUR: Headline inflation moderated to 2.2 per cent in February from the two.3 per cent recorded in January, reflecting decrease inflation within the transport section at 3.9 per cent from 6 per cent in January, Financial institution Negara Malaysia (BNM) mentioned.

The underlying inflation, as measured by core inflation, was greater at 1.8 per cent through the month, greater than January’s1.6 per cent, pushed primarily by meals away from dwelling and rental.

“Export progress remained sturdy in February, rising by 16.8 per cent (Jan: 23.9 per cent), reflecting continued energy throughout Malaysia’s export merchandise,” BNM mentioned in its month-to-month highlights for the month of February 2022.

Transferring ahead, the export sector would proceed to learn from the growth in exterior demand and international know-how upcycle, the central financial institution mentioned.

As well as, excessive commodity costs will present assist to export progress.

Nonetheless, the commerce outlook stays contingent on the trail of the pandemic, international provide chain disruptions in addition to dangers surrounding the worldwide progress outlook amid the army battle in Ukraine. – Bernama


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