February CPI surpasses 10-year common inflation

PETALING JAYA: Malaysia’s client worth index (CPI) elevated 2.2% to 125.2 in February 2022 from 122.5 in the identical month of the previous yr, in response to the Statistics Division.

The rise surpassed the nation’s common inflation of 1.9% for the previous 10 years.

“The incline in headline inflation was primarily pushed by the year-on-year improve in transport group and meals and non-alcoholic drinks with a 3.9% and three.7% improve respectively,” mentioned chief statistician Datuk Seri Mohd Uzir Mahidin.

“This was adopted by furnishings, family gear and routine family upkeep with 3.2%, eating places and resorts with 2.6% and recreation providers and tradition with 1.6%,” he mentioned in a press release.

Mohd Uzir mentioned the rise in meals inflation, which is the most important contributor to the general weight of CPI, continued to be a significant contributor to the inflation.

He famous that every one subgroups in meals and non-alcoholic drinks recorded will increase.

Meals at house, which consists of uncooked supplies for cooking at house, elevated 4.1% in contrast with the identical month of the previous yr.

The rise was primarily in uncooked supplies used for cooking reminiscent of hen and eggs that noticed an increase of 14.2% and 13.5% respectively. “In the meantime, meals away from house additionally elevated 3.6% as in comparison with the three.1% recorded in January 2022,” he added.

Cooked beef and murtabak have been among the many meals that contributed to the rise within the index for meals away house that recorded a surge of 6.4% and 6.2% respectively whereas rice with facet dishes and satay recorded a rise of 6% and 5.4% respectively.

On the identical time, the transport group elevated 3.9% because of the low base impact with the setting of the RON95 unleaded petrol ceiling worth of RM2.05 in March 2021, which was nonetheless excessive in comparison with the typical worth of RM1.96 per liter in February 2021.

As well as, the typical worth of RON97 unleaded petrol additionally elevated to RM3.21 per liter in comparison with RM2.26 per liter a yr in the past.

The Statistics Division believes the surge in world oil costs and the battle between Ukraine and Russia might have an effect on the availability chain and have ripple results throughout the worldwide economic system.

“It will seemingly have implications on transportation prices and thus nationwide inflation,” it added.

Authorities subsidies to the RON95 unleaded petrol and diesel is an effort to guard customers from the consequences of oil worth will increase within the world market.

As for the CPI by states, he famous that every one states recorded will increase within the CPI, with two states displaying an increase above the nationwide inflation stage of two.2%.

The very best improve was recorded by Selangor and the Federal Territory of Putrajaya with a 2.9% rise, whereas Kuala Lumpur, Sabah and the federal territory of Labuan and Negri Sembilan have been the three states with the bottom CPI improve of 1.9%, 1.8% and 1.8 % respectively.


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