KUALA LUMPUR (Nov 25): Malaysia's ination rate eased to 4.0% in October, compared with the 4.5% rate recorded in September, said the Department of Statistics Malaysia (DOSM). However, the rate still surpassed the nation's average ination for the period of January 2011 to October 2022 of 2.0%. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the consumer price index for October increased by 4.0% year-on-year to 128.6 from 123.7 in October 2021.He said the ination rate in Malaysia during the month was lower than the ination in the Philippines (7.7%), Thailand (6.0%), Indonesia (5.7%), and South Korea (5.7%). "The eurozone's ination jumped to 10.7% in October from 9.9% in the previous month, driven by energy ination (41.9%), food, alcohol and tobacco (13.1%), non-energy industrial goods (6.0%), and services (4.4%)," he said. The ination rate in the US eased to 7.7% in October from 8.2% in September. At home, the moderate increase in the October ination rate was driven by a slower increase in the housing, water, electricity, gas and other fuels group to 1.5% from 4.0% in September. "The slower increase was due to the absence of base effects attributed to the discontinuation of electricity discounts under the National