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.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3

December , inflation , down , Mohd Uzir Mahidin ,

   

Did you find this article insightful?

Yes
No

Next In Business News

Bursa tracks global equities sell-off as surging bond yields trigger panic
Malaysia’s exports up 6.6% to nearly RM90b in January
KPS surpasses RM1bil revenue mark for fiscal year 2020
EPF launches world’s first and largest Shariah PE fund of RM2.43b
SCIB's earnings, revenue jumps significantly in FY20
Ringgit falls against demand for greenback
Quick take: Industronics jumps 38%, denies manufacturing 5G chips
KLCI climbs on last trading day of February, broader market cautious
Quick take: Lion Industries falls 7% despite improved earnings
Quick take: MSM jumps 15% in active trade

Stories You'll Enjoy


Vouchers