SARAWAK’S inflation rate is projected to moderate to 2.4 percent in 2024, signalling a deceleration in price growth across key sectors.
Deputy Premier Datuk Amar Douglas Uggah Embas said the main contributors to inflation remained food and non-alcoholic beverages, housing, water, electricity, gas and other fuels, as well as transport.
“This easing trend reflects improved price stability in these essential categories.
“In the first quarter of 2025, inflation in Sarawak continued to slow, averaging 1.5 percent, down from 2.2 percent during the same period last year,” he said.
He said this in his ministerial winding-up speech during the DUN Sitting here today.
Uggah, who is also Finance and New Economy Second Minister, noted that this trend is expected to continue.
“We are witnessing a healthy moderation of inflationary pressures in Sarawak, which is projected to remain within a stable range of 2.3 to 2.5 percent throughout 2025.
“This provides a conducive environment for economic growth and consumer confidence,” he said.
Meanwhile, Sarawak’s labour market remained resilient in 2024, with the unemployment rate holding steady at 3.5 percent.
“Job vacancies rose significantly from 240,529 in 2023 to 307,533 by the end of 2024.
“Of these, around 15.5 percent were allocated for highly skilled professionals, reflecting the state’s continued emphasis on developing human capital to support high value-added industries,” he said.
