Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said: “The higher average price of RON 95 in January 2020, which recorded RM2.08 per litre as compared to RM1.98 in January 2019, had contributed to the increase of the transport and overall index."
KUALA LUMPUR: The Consumer Price Index (CPI) increased by 1.6% in January 2020, the fastest since May 2018, due to higher transport costs following rising fuel prices.
The CPI rose to 122.4 from 120.5 a year ago but the 1.6% increase was slightly slower that the 1.7% forecast by economists in a Bloomberg survey.
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