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flag Malaysia's inflation rate hit a near-year low of 1.7% in December, marking a continued decline since 2022.

flag Malaysia's annual inflation rate dropped to 1.7% in December 2024, the lowest in nearly a year, according to the Department of Statistics. flag This is a decline from the previous month's 1.8% and follows a two-year consecutive decrease since 2022. flag Factors contributing to this moderation include slower price increases in areas like personal care, social protection, and health. flag Despite this, food and beverage prices saw a slight acceleration, increasing to 2.7%. flag The average annual inflation rate for 2024 was 1.8%, down from 3.3% in 2023.

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