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August CPI up 3.7%

  • Malaysia's consumer price index (CPI), which measures headline inflation, rose 3.7 per cent to 119.9 on a year-on-year (y-o-y) basis in August 2017, from 115.6 previously.

KUALA LUMPUR, Sept 20 (Bernama) -- Malaysia's consumer price index (CPI), which measures headline inflation, rose 3.7 per cent to 119.9 on a year-on-year (y-o-y) basis in August 2017, from 115.6 previously.

In a statement today, the Statistics Department said several major indices had recorded increases, including food and non-alcoholic beverages (+4.3 per cent), restaurants and hotels (+2.8 per cent), health (+2.7 per cent), furnishings, household equipment and routine household maintenance (+2.7 per cent) and housing, water, electricity, gas & other fuels (+2.4 per cent).

Meanwhile, the transport group index showed a significant increase of 11.7 per cent on a year-on-year basis in August 2017, after rising 7.7 per cent in July 2017.

The average price of one liter of RON95 petrol rose to RM2.12 in August 2017 compared with RM1.75 in August 2016.

As for RON97, the average price increased to RM2.39 in August 2017 y-o-y compared with RM2.10 previously.

Fuels and lubricants for personal transport equipment accounted for 7.8 per cent of the CPI weights.

Six states recorded higher increases y-o-y for the food and non-alcoholic beverages index in August 2017, rising to 5.0 per cent in Johor, 4.9 per cent in Melaka, 4.8 per cent in Penang, 4.8 per cent in Sabah and Labuan, 4.8 per cent in the Federal Territory Kuala Lumpur and 4.5 per cent in Kedah and Perlis.

Based on a seasonally adjusted term, the overall CPI for August 2017 increased 0.9 per cent compared with the previous month, while core inflation rose 2.4 per cent y-o-y.

Among the major groups which influenced the higher core inflation rate were increases in the price of food and non-alcoholic beverages (+4.3 per cent), transport (+2.1 per cent), housing, water, electricity, gas and other fuels (+2.9 per cent), restaurants and hotels (+2.8 per cent), health (+2.7 per cent) and furnishings, household equipment and routine household maintenance (+2.7 per cent).

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