December inflation down year-on-year

Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin (pic) said the December CPI was at 120.6 compared with 122.3 a year ago

KUALA LUMPUR: The inflation rate or Consumer Price Index (CPI) for December last year fell by 1.4% due mainly to a decline in transport and housing, water, electricity, gas and other fuels, according to the Statistics Department.

Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the December CPI was at 120.6 compared with 122.3 a year ago.

“The decrease in the overall index was attributed by the decline in transport (-8.4%), housing, water, electricity, gas & other fuels (-3.3%), clothing & footwear (-0.4%). Restaurants & hotels (- 0.2%) and furnishings, household equipment & routine household maintenance (- 0.1%) which contributed 48.6% to overall weight, ” he said in a statement.

Food and non-alcoholic beverages increased by 1.4% to 135.8 from 133.9 a year ago. This group contributes 29.5% of CPI weight.

However, the CPI without fuel fell 0.1% in December last year to 112.8 compared with 112.9 in December 2019.

CPI without fuel covers all goods and services except unleaded petrol RON95, unleaded petrol RON97 and diesel.

The average price of unleaded petrol RON 95 in December 2020 decreased to RM1.74 per litre as compared with RM2.08 in December 2019 while for unleaded petrol RON 97, it fell to RM2.04 per litre from RM2.63. The average price of diesel fell to RM1.93 per litre from RM2.18.

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