Malaysia records increase in CPI for eight consecutive months

By AZALEA AZUAR / Pic by TMR FILE PIX

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%).