Malaysia's consumer price index up 3.2% in Jan

Malaysia Retail Chain Association (MRCA) president Datuk Liaw Choon Liang (inset top lrft) said the local retail sector was cyclical and should

PETALING JAYA: Malaysia’s consumer price index (CPI) rose 3.2% to 118.2 in January 2017 from 114.5 in the corresponding period last year, with a 1.1% increase on a monthly basis.

The major groups which recorded highest increases in indices were transport at 8.3% and food and non-alcoholic beverages at 4%, followed by recreation services and culture at 3.2%, according to a report by the Statistics Department.

The CPI is an index which measures the variation in prices paid by consumers for retail goods.

The transport group index showed the most significant increase, at 8.3% on a year-on-year basis in January 2017, after falling 0.6% and 1.5% in December 2016 and November 2016, respectively.

“In January 2017, one litre of RON95 petrol was priced at an average of RM2.10, an increase from RM1.85 in January last year.

“On the other hand, RON97 was averagely priced at RM2.40 in January 2017, as compared to RM2.25 last January,” the department said.

The index for food and non-alcoholic beverages, which accounted for 30.2% in the CPI weights, was fuelled by food sub-groups like oils and fats at 37.9%, vegetables at 7.8%, fish and seafood at 6.1% as well as fruit at 2.1%.

Food and non-alcoholic beverages increase in index was reflected in most states in Malaysia, particularly highly urbanised states such as Kuala Lumpur, Selangor, Putrajaya, Penang, Johor and Malacca.

Furthermore, core inflation rose 2.3% in January 2017 from a year ago due to a 3.3% increase in transport and also a 3.3% rise in food and non-alcoholic beverages.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights


Next In Business News

Komark pivots into niche mask products
FBM KLCI fails to extend bounce
Quick take: Tanco rises 4% in active trade
ADB lowers growth outlook for developing Asia as Covid weighs
Kenanga projects gradual recovery for KESM
Trading ideas: Southern Steel, Tanco, Bina Darulaman
China Evergrande inches close to default deadline, investors wait
US agency confirms air bag safety probe into 30 million vehicles
India's summer grains output seen at record 150.50 mln tonnes in 2021/22
Stocks steady as markets calm after Evergrande-led slide

Stories You'll Enjoy