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January CPI up 2.7%

KUALA LUMPUR, Feb 28 (Bernama) -- The Consumer Price Index (CPI), which measures headline inflation, rose by 2.7 per cent to 121.3 last month from 118.1 in the same month in 2017 due to higher prices in 10 main groups.

The groups recording the biggest price growth were transport (+5.7 per cent), food and non-alcoholic beverages (+3.8 per cent), and furnishings, household equipment and routine household maintenance (+2.6 per cent), the Department of Statistics (DoS) announced today.

These were followed by restaurants and hotels (+2.4 per cent), health (+2.3 per cent), housing, water, electricity, gas and other fuels (+2.2 per cent) and education (+1.2 per cent).

The remaining groups were miscellaneous goods and services (+0.9 per cent), recreation services and culture (+0.5 per cent) and alcoholic beverages and tobacco (+0.2 per cent).

The DoS said on a monthly basis, CPI increased by 0.3 per cent in January 2018.

Starting last month, Malaysia's CPI has been calculated using an updated basket of goods and services based on the Household Expenditure Survey 2016.

The new basket comprises 552 items.

"Updating of the basket of goods and services aims to ensure the statistics reflect the current patterns in consumer expenditure,¡¨ the department said.

The growth in the food and alcoholic beverages index, which accounted for 29.5 per cent of the CPI weights, was driven by the food sub-group index which included vegetables (+7.6 per cent), fish and seafood (+5.0 per cent) and milk and eggs (+2.5 per cent.

The food away from home index, meanwhile, witnessed a 4.9 per cent increase.

The DoS said four areas in the states index surpassed the national CPI rate of 2.7 per cent, namely Melaka (+3.0 per cent), Selangor and Federal Territory of Putrajaya (+2.9 per cent), and Negeri Sembilan (+2.8 per cent).

It said the increase in the index for food & non-alcoholic beverages was reflected in most states in Malaysia.

Five states registered higher increases for food & non-alcoholic beverages index above the national index level for January 2018 compared with the corresponding month in 2017.

The DoS said the index for food & non-alcoholic beverages rose 5.4 per cent in Kuala Lumpur, 4.2 per cent in Melaka, 4.0 per cent in Johor, 4.2 per cent in Sabah and Labuan, and 4.2 per cent in Selangor and Putrajaya, it added.

 

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