Malaysia:February inflation up at slower pace of 1.3%
Source: The Star Online Time:2020-03-25 16:26:27
The inflation rate increased by 1.3% in February from a year, but this was slower than RAM Ratings’ forecast of a 1.5% rise, according to the latest data issued by the Statistics Department.
The Consumer Price Index (CPI) increased to 122.4 from 120.8 a year ago, it said in a statement on Wednesday.
On a monthly basis, the CPI remained unchanged at 122.4 as compared to January 2020.
The CPI for January to February 2020 rose by 1.4% from the previous corresponding period.
Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said out of 552 items covered in the CPI, 343 items showed an increase in February 2020 from a year ago. He added 161 items declined while 48 items were unchanged.
He said the category which saw the greatest price were non-durable goods.
Based on the 552 items by category of goods and services, non-durable goods (296 items registered the most price increases.
The increase in the overall index was driven by the index of miscellaneous goods & services (2.5%), transport (2.4%), housing, water, electricity, gas & other fuels (1.6%) and communication (1.5%).
Selangor and Putrajaya reported a 1.6% increase, Kuala Lumpur (1.5%), Pahang (1.5%) and Johor (1.4%) which were above the national CPI rate of 1.3%.
All states except Melaka registered an increase in the index of food & non-alcoholic beverages. The highest increase was recorded by Johor (1.3%), Selangor and Putrajaya (1.2%), Penang (1.0%) and Perak (0.9%).
They surpassed the national index of 0.8% for food & non-alcoholic beverages in February 2020.