What were the specific trends in vegetable and meat prices?

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Vegetable and Meat Prices Show Varied Inflationary Trends in August 2024

In August 2024, the food and beverages group, a significant component of Malaysia's Consumer Price Index (CPI) with a 29.8 per cent weight, experienced a 1.6 per cent increase. Within this broad category, the cost of food consumed at home rose by 0.3 per cent. This overall trend was influenced by divergent movements in specific food items, notably an increase in vegetable prices and a decrease in meat prices.
Vegetable Prices Saw a Moderate Increase

The cost of vegetables registered a 2.2 per cent rise in August 2024. This indicates a continued upward trend in vegetable prices, although the rate of increase moderated slightly compared to the 2.9 per cent observed in July 2024. This specific category contributes to the broader inflation within the food at home subgroup.
Meat Inflation Declined Further

In contrast to vegetables, the meat expenditure class experienced a deflationary trend, with inflation declining to negative 0.7 per cent in August 2024. This represents a further decrease from the negative 1.1 per cent recorded in the previous month. Chicken, which constitutes 32.6 per cent of the meat category, saw its prices decrease by 2.2 per cent in August 2024, following a 2.7 per cent drop in July 2024.

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What were the specific trends in vegetable and meat prices?

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