Latest news with #DepartmentofStatisticsMalaysia
Malaysia Sun
14 hours ago
- Business
- Malaysia Sun
Malaysia's inflation rate for Q2 moderates to 1.3 pct
Xinhua 22 Jul 2025, 21:46 GMT+10 KUALA LUMPUR, July 22 (Xinhua) -- Malaysia's inflation rate for the second quarter of 2025 increased more slowly to 1.3 percent as compared to 1.5 percent in the same quarter of 2024, official data showed Tuesday. The Department of Statistics Malaysia (DOSM) said in a statement that the increase of inflation for the quarter was attributed to restaurant and accommodation services (2.8 percent), food and beverages (2.2 percent), and housing, water, electricity, gas and other fuels (1.9 percent). On a quarterly basis, the inflation increased at 0.4 percent, the same rate as in the first quarter of 2025. According to the statement, Malaysia's inflation rate increased more slowly at 1.1 percent in June.
Barnama
a day ago
- Business
- Barnama
Malaysia's Inflation Rose Slower At 1.1 Pct In June 2025
BUSINESS KUALA LUMPUR, July 22 (Bernama) -- Malaysia's inflation rose at a slower pace of 1.1 per cent in June 2025, with the index standing at 134.5 points compared to 133.0 in the same month last year, according to the Department of Statistics Malaysia (DoSM). DoSM's June 2025 consumer price index (CPI) release stated, moderation was also reflected in the Producer Price Index (PPI) for local production, which declined by 3.6 per cent in May 2025. Chief statistician, Datuk Seri Dr Mohd Uzir Mahidin, said 59.2 per cent of items, or 339 out of 573, recorded price increases. 'Nonetheless, of this total, 329 items (97.1 per cent) recorded an increase of less than or equal to 10 per cent, while only 10 items posted increases exceeding 10 per cent in June 2025. 'The remaining 192 items (33.5 per cent) recorded a decline, and 42 items remained unchanged,' he said. DoSM said the food and beverages group, which contributes 29.8 per cent to the total CPI, rose 2.1 per cent in June 2025. The food away from home subgroup recorded a higher increase of 4.7 per cent, compared to 4.4 per cent in the previous month. However, the food at home category declined by 0.4 per cent, partially offsetting overall inflation, the department said.
New Straits Times
a day ago
- Business
- New Straits Times
Malaysia's inflation rose slower at 1.1pct in June 2025
KUALA LUMPUR: Malaysia's inflation rose at a slower pace of 1.1 per cent in June 2025, with the index standing at 134.5 points compared to 133.0 in the same month last year, according to the Department of Statistics Malaysia (DoSM). DoSM's June 2025 Consumer Price Index (CPI) release stated moderation was also reflected in the Producer Price Index (PPI) for local production, which declined by 3.6 per cent in May 2025. Chief statistician, Datuk Seri Dr Mohd Uzir Mahidin, said 59.2 per cent of items, or 339 out of 573, recorded price increases. "Nonetheless, of this total, 329 items (97.1 per cent) recorded an increase of less than or equal to 10 per cent, while only 10 items posted increases exceeding 10 per cent in June 2025. "The remaining 192 items (33.5 per cent) recorded a decline, and 42 items remained unchanged," he said. DoSM said the food and beverages group, which contributes 29.8 per cent to the total CPI, rose 2.1 per cent in June 2025. The food away from home subgroup recorded a higher increase of 4.7 per cent, compared to 4.4 per cent in the previous month. However, the food at home category declined by 0.4 per cent, partially offsetting overall inflation, the department said. DoSM also noted that several groups posted the same rate of increase as the previous month: education (2.2 per cent), housing, water, electricity, gas and other fuels (1.7 per cent), and insurance and financial services (1.5 per cent). Meanwhile, restaurant and accommodation services rose at a slower rate of 2.8 per cent in June 2025 (May 2025: 3.0 per cent); recreation, sport and culture at 0.8 per cent (May 2025: 0.9 per cent); transport at 0.3 per cent (May 2025: 0.7 per cent); and furnishings, household equipment and routine household maintenance at 0.1 per cent (May 2025: 0.2 per cent). However, some groups recorded higher increases compared to May 2025, namely personal care, social protection and miscellaneous goods and services at 4.2 per cent (May 2025: 3.7 per cent), and health at 1.2 per cent (May 2025: 1.1 per cent). In addition, the information and communication as well as clothing and footwear groups remained in negative territory, registering -5.4 per cent and -0.3 per cent, respectively. Mohd Uzir added that, at the state level, 10 states recorded increases below the national inflation rate of 1.1 per cent, with Kelantan posting the lowest increase at 0.2 per cent in June 2025. "However, five states recorded inflation above the national rate – Negeri Sembilan (1.6 per cent), Selangor (1.6 per cent), Johor (1.5 per cent), Melaka (1.3 per cent), and Kuala Lumpur (1.2 per cent). "All states recorded an increase in food and beverage inflation, except Kelantan (-0.1 per cent). The highest was in Negeri Sembilan at 3.3 per cent, followed by Selangor (3.1 per cent), Putrajaya (2.9 per cent), Terengganu (2.6 per cent), Johor (2.2 per cent) and Labuan (2.1 per cent)," he said. For the second quarter of 2025, Mohd Uzir said the inflation rate rose at a slower pace of 1.3 per cent compared to the same quarter of the previous year (1Q 2025: 1.5 per cent). He said monthly headline inflation increased by 0.1 per cent in June 2025 compared to May 2025. Meanwhile, core inflation rose 1.8 per cent in June 2025, unchanged from the previous month. — BERNAMA
The Sun
2 days ago
- Business
- The Sun
M'sian economy set for steady growth in H2'25: Kenanga IB
KUALA LUMPUR: Kenanga Investment Bank Bhd (Kenanga IB) expects Malaysia's economy to maintain steady growth in the second half of 2025 (H2'25) led by services and construction, particularly following final government approval for the Mass Rapid Transit Line 3 mega infrastructure project. In a research note yesterday, the bank said the outlook is supported by advanced GDP estimates for the second quarter of 2025 (Q2'25), which were in line with its projections, reflecting sustained growth in services despite continued contraction in mining and a slowdown in manufacturing. 'However, prolonged commodity weakness and persistent tariff risks will continue to weigh on overall growth. That said, we maintain our 2025 GDP growth forecast at 4.3% (2024: 5.1%),' it said. Last Friday, the Department of Statistics Malaysia reported that the economy is forecast to grow by 4.5% in the Q2'25 based on advance GDP estimates, slightly outpacing the 4.4% growth recorded in the previous quarter. Robust domestic demand is expected to drive growth despite global headwinds. Meanwhile, Kenanga IB said it is maintaining its 2025 exports forecast at 3.1% (2024: 5.7%), amid ongoing US President Donald Trump's tariff policies and weak commodity exports. 'While US trade tensions have eased following the recent deal, uncertainty persists, particularly if major economies retaliate. This could disrupt global trade and weigh on Malaysia's growth outlook,' it said. Additionally, the bank said the ongoing US-Malaysia trade negotiations are contributing to further ambiguity, especially as Malaysia's tariff rates remain higher than those of Indonesia's (19%) and Vietnam's (20%). Kenanga IB shared that exports grew 3.8% in H1'25 compared with 5.4% in January-May, slightly above its full-year forecast. However, growth slowed to 3.4% in Q2'25 (Q1'25: 4.3%). 'June's underperformance reflects continued volatility in external trade, with short-term prospects clouded by uncertainty over tariffs and commodity shipments, along with weaker-than-expected pre-tariff front-loading,' it said. The bank also noted that demand for electrical and electronics (E&E) products is expected to remain resilient, supported by new product launches and growing demand for 5G and artificial intelligence (AI) adoption, although overall growth is likely to be modest. Despite external demand uncertainties, CGS International Securities Malaysia Sdn Bhd projects resilient domestic economic activity and is maintaining its 2025 GDP growth forecast of 4.2%. 'Looking at both GDP and trade data, we suspect that the softening growth in Q2'25 may mark the start of a slowdown in external demand. 'We expect H2'25 to be a challenging period given tariff risks and external uncertainties, particularly following the recently revised US tariff of 25% on Malaysian exports,' it said. However, on a positive note, the securities firm views the tariff implementation date as a moving goalpost, given Trump's open stance on negotiations, which could provide extended support for exports. It said that domestic growth, supported by both spending and investment, will be underpinned by labour market reforms such as wage hikes, policy rate cuts amid low inflation, higher foreign tourist arrivals, and renewed investment momentum. – Bernama
The Sun
2 days ago
- Business
- The Sun
Malaysia's Q2 2025 economic growth hits 4.5% under MADANI reforms
KUALA LUMPUR: The projected 4.5% economic growth for the second quarter of 2025 highlights the success of the Madani Government's reform agenda, according to Housing and Local Government Minister Nga Kor Ming. He attributed the positive outlook to Prime Minister Datuk Seri Anwar Ibrahim's leadership in revitalising the economy and improving public welfare. Nga stated, 'Despite increasingly challenging global pressures, steady domestic demand along with growing consumer and investor confidence reflect the effectiveness of the government's approach.' The Department of Statistics Malaysia's preliminary estimates show an improvement from the 4.4% growth recorded in the previous quarter. The construction sector is leading the expansion with an expected 11.0% growth, fuelled by non-residential and housing projects. Meanwhile, the services sector is forecast to grow by 5.3%, up from 5.0%, while manufacturing recorded a 3.8% increase. Nga credited domestic demand for the strong performance, supported by government initiatives such as the Basic Rahmah Contribution (SARA), Cash Rahmah Contribution (STR), and higher minimum wages. 'These measures have boosted income and purchasing power,' he said. However, he cautioned that external risks like global trade tensions and tariff wars remain concerns. 'The Madani Government remains committed to ensuring inclusive economic growth and the well-being of all Malaysians,' he added. Nga also welcomed Bank Negara Malaysia's decision to lower the Overnight Policy Rate (OPR) to 2.75%, calling it a proactive move to support economic activity, particularly in real estate. - Bernama
