Rising cost: Shoppers at a market in Kuala Lumpur. Malaysia’s headline inflation has been increasing since August 2021 to 3.3% in November and 3.2% in December 2021, largely driven by the higher prices of food. — Bloomberg
GLOBALLY, headline consumer inflation has increased in advanced and emerging market economies since 2021.
The annual rate of inflation in the United States hit 7.5% in January 2022, the highest in more than three decades; eurozone inflation hit a new record high of 5.1% in December.
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