Malaysia records increase in CPI for eight consecutive months


Malaysia’s Consumer Price Index (CPI) increased for eight consecutive months since February 2021 due to the base effect last year.

CPI rose 2.2% in September from 120.1 to 122.8 year-on year (YoY).

Malaysia’s chief statistician Datuk Seri Dr Mohamed Uzir Mahidin said that the transport sector continued to record a double-digit increase since March and edged up by 11.0%  in September 2021 as compared to a year ago.

“The Food and Non-Alcoholic Beverages increased 1.9% and the highest increase was recorded by Meat (5.8%) mainly due to the increase in the  average price of chicken in September 2021 (RM9.35 per kg) as compared to RM8.50 in September 2020.

“In addition, the subgroup of Fish & Seafood went up by 3.5% mainly attributed by the increase in average prices of Indian Mackerel to RM15.60 (September 2020: RM14.30) and Selayang to RM11.40 (September 2020: RM9.80),” he said in a statement.

The Communications sector remained unchanged while both Clothing & Footwear and Miscellaneous Goods &  Services dropped by negative 0.5% while Education declined 0.1%.

Mohamed Uzir also revealed that the CPI for the third quarter of 2021 (3Q21) increased 2.2% from 120.0 to 122.6 YoY but fell 0.4% quarter-on-quarter (QoQ).

On a monthly basis, Malaysia’s September 2021 CPI  increased 0.2% as  compared to August 2021 which was mainly supported by Food & Non-Alcoholic Beverages (0.6%), Housing, Water, Electricity, Gas & Other Fuels (0.1%) and Furnishings, Household Equipment & Routine Household Maintenance (0.1%).

All the states have experienced an increase in CPI in September this year, where eight of them are mainly Terengganu (3.1%), Pahang (2.8%), Kelantan (2.8%), Sarawak (2.5%), Perak (2.5%), Johor (2.4%), Kedah & Perlis (2.4%) and Melaka (2.3%) which managed to surpass national CPI rate of 2.2% YoY.

All the states has also registered an increase of Food & Non-Alcoholic Beverages index but mainly the highest increase came from Pahang (2.7%), followed by  Selangor & Wilayah Persekutuan Putrajaya (2.4%), Perak (2.4%), Terengganu (2.2%),  Johor (2.2%), Melaka (2.2%) and Kelantan (2.1%).