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Malaysia’s Consumer Price Index raises

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KUALA LUMPUR, June 20, 2018 : Malaysia’s Consumer Price Index (CPI), which measures headline inflation, rose 1.8 per cent in May to 121.1 against 119.0 in the same month of last year.

In a statement today, the Department of Statistics (DoS) said among the major groups which recorded increases were indices for transport (+3.8 per cent), food and non-alcoholic beverages (+2.2 per cent), housing, electricity, gas & other fuels (+2.1 per cent), restaurants and hotels (+2.1 per cent), health (+1.9 per cent) and furnishings, household equipment & routine household maintenance (+1.5 per cent). 

On a monthly basis, it said the CPI increased 0.2 per cent as compared with April 2018. 

Meanwhile, Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the overall index was also affected by an increase in the transport group by 3.8 per cent in May.

“The CPI for January-May registered an increase of 1.7 per cent against the same period last year,” he said. 

The DoS said the overall index for food and non-alcoholic beverages which accounted for 29.5 per cent in the CPI weights, increased 2.2 per cent in May. 

The increase was driven by food sub-group index which comprised fish & seafood (+3.2 per cent), fruits (+1.9 per cent), rice, bread & other cereals (+1.6 per cent), sugar, jam, honey, chocolate & confectionery (+1.2 per cent) and meat (+1.0 per cent).

In terms of the overall CPI, three states surpassed the national CPI rate of 1.8 per cent in May, namely the Federal Territory of Kuala Lumpur (+2.2 per cent), Selangor and Federal Territory of Putrajaya (+2.1 per cent) and Johor (+2.0 per cent).

The department also reported an increase in the index for food and non-alcoholic beverages in most states.

Year-on-year (y-o-y), four states recorded increases for the food and non-alcoholic beverages index above the national index level of 2.2 per cent – Federal Territory of Kuala Lumpur (+4.5 per cent), Penang (+2.4 per cent) and Johor and Sarawak (+2.3 per cent). 

Core inflation also rose 1.5 per cent y-o-y. 

“Core inflation, which excludes most volatile items of fresh food, as well as administered prices of goods and services recorded changes ranging from 1.5 per cent to 2.2 per cent from January to May compared with the same period of the previous year,” the DoS said. – Bernama

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