CPI declines 1.3% in July 2020 – DOSM

by BERNAMA/ pic by RAZAK GHAZALI

MALAYSIA’S Consumer Price Index (CPI) declined 1.3 per cent in July 2020 to 119.9 from 121.5 in the same month last year, according to the Department of Statistics Malaysia (DOSM).

Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the decrease in the overall index was due to the decline in transport (-10.3 per cent), housing, water, electricity, gas and other fuels (-2.6 per cent), clothing and footwear (-0.6 per cent), and furnishings, household equipment & routine household maintenance (-0.1 per cent) which contributed 45.7 per cent to overall weight.

“Nevertheless, food and non-alcoholic beverages increased 1.4 per cent to 135.0 compared to 133.2 in corresponding month of the preceding year. This group contributes 29.5 per cent of CPI weight.

“Similarly, miscellaneous goods and services inclined by 2.9 per cent, followed by communication (1.6 per cent), health (1.1 per cent) and education (1.2 per cent),” he said in a statement.

Mohd Uzir also said the CPI without fuel showed a positive rate of 0.2 per cent in July 2020 compared to June 2020.

“The CPI without fuel covers all  goods and services except unleaded petrol RON95, unleaded petrol RON97 and diesel,” he said.

Meanwhile, core index rose 1.1 per cent in July 2020 compared to the same month of the previous year.

Among the major groups, which influenced the increase, were miscellaneous goods & services (2.9 per cent), communication (1.6 per cent), and housing, water, electricity, gas & other fuels (1.4 per cent).

The CPI for the period of January to July 2020 decreased 0.9 per cent compared to the same period last year.

The decrease was attributed by transport (-10.0 per cent), clothing & footwear (-1.1 per cent) and housing, water, electricity, gas & other fuels (-0.7 per cent).

At the state level, the index for all states decreased between -0.7 to -2.2 per cent in July 2020 compared to July 2019.

The highest decrease was recorded by Melaka (-2.2 per cent), followed by Sabah & Labuan Federal Territory (-2.1 per cent), Sarawak (-1.9 per cent) and Kedah & Perlis (-1.9 per cent).

However, all states registered an increase in the index of food & non-alcoholic beverages.

The highest increase was recorded by Selangor and Putrajaya (2.3 per cent), Perak (1.7 per cent), Pahang (1.7 per cent), Terengganu (1.7 per cent) and Johor (1.6 per cent), surpassing the national index.

Meanwhile, Negeri Sembilan recorded 1.4 per cent as same as national index of Food & Non-Alcoholic Beverages in July 2020.