February inflation up 1.4%, Melaka records highest increase


  • Business
  • Wednesday, 21 Mar 2018

February CPI was also affected by the drop in the transport group as fuel prices slipped.

KUALA LUMPUR: The inflation rate in February rose at a slower pace of 1.4% from a year ago, which was much better than a Bloomberg survey of a 1.9% increase.

The Statistics Department said on Wednesday the consumer price index (CPI)  was impacted by a slower increase in the food and non-alcoholic beverages and a sharp decline in transport costs as fuel prices fell.

The CPI also increased at a slower pace compared with January, which registered a 2.7% increase on-year.

Its chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the overall index was also affected by the drop in the transport group by 0.3% in February. Other groups which also showed decreases were clothing and footwear (-0.7%) and communication (-0.5%).

Among the main groups, the increases were food and non-alcoholic beverages index (+3%), furnishings, household equipment & routine household maintenance (+2.1%); health (+2.1%); housing, water, electricity, gas & other fuels (+2%) and restaurants & hotels (+1.8%).

The CPI for January-February 2018 recorded an increase of 2% compared with the previous corresponding period.

The department said four states surpassed the national CPI rate of 1.4% in February with  Melaka recording a 1.8% increase, Selangor & Wilayah Persekutuan Putrajaya (+1.7%), Johor (+1.5%) and Sabah & Labuan (+1.5%).

The department said the index for food & non-alcoholic beverages rose 4.2% in Kuala Lumpur, 3.9% in Sabah & Labuan, 3.6% in Johor, 3.2% in Pulau Pinang,  3.1% in Sarawak and 3.1% in Melaka.

 

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Trading ideas: NuEnergy, Nexgram, PLB Engineering, Sapura Industrial, Borneo Oil
PETRONAS seals LNG supply deal with CNOOC
SIB disposes of Seremban land for RM25mil
Utility contracts set to drive Steel Hawk earnings
Nexgram focuses on core operations
Perak Transit eyes growth from terminal expansion
Borneo Oil’s associate seeks Nasdaq listing
Nam Cheong nets US$20.5mil in vessel sale
Trive Property to bank on its rental income
Fruit and vegetable exports rebound

Others Also Read