Malaysia’s inflation up 2.2% in February 2022

KUALA LUMPUR: Malaysia’s Client Value Index (CPI) elevated reasonably by 2.2 per cent to 125.2 in February 2022 from 122.5 in the identical month of the previous yr, pushed primarily by the rise in meals inflation, Division of Statistics Malaysia (DoSM) mentioned.

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin mentioned the rise surpassed the typical inflation in Malaysia for the interval 2011 to February 2022 of 1.9 per cent.

“The rise in meals inflation, which is the most important contributor to the general weight of CPI, continued to be a serious contributor to the nation’s inflation.

“The three.7 per cent enhance in meals & non-alcoholic drinks group was largely as a result of a rise within the part for meals at dwelling which elevated 4.1 per cent in comparison with the identical month of the previous yr,” he mentioned in a press release, including that the rise was primarily for uncooked cooking supplies similar to hen (14.2 per cent) and eggs (13.5 per cent),” he mentioned in a press release.

In the meantime, meals away from dwelling additionally elevated by 3.6 per cent in comparison with 3.1 per cent recorded in January 2022.

The rise in headline inflation was primarily pushed by the rise in transport group (3.9 per cent) and meals & non-alcoholic drinks (3.7 per cent).

This was adopted by furnishings, family gear & routine family upkeep (3.2 per cent); eating places & motels (2.6 per cent) and recreation providers & tradition (1.6 per cent).

He additionally mentioned the transport group elevated 3.9 per cent because of the low base impact with the setting of the RON95 unleaded petrol ceiling value efficient March 2021 (RM2.05) which was larger in comparison with the typical value of RM1.96 per liter in February 2021.

On a month-to-month foundation, the CPI elevated by 0.2 per cent in comparison with January 2022, attributed to recreation providers & tradition (0.4 per cent); eating places & motels (0.4 per cent); and housing, water, electrical energy, fuel and different fuels (0.3 per cent).

Elaborating additional, Mohd Uzir mentioned inflation for the group revenue under RM3,000 elevated 2.4 per cent in February 2022 as towards February 2021, with the meals & non-alcoholic drinks group growing 3.9 per cent, 0.2 share level larger than the identical group within the headline inflation.

Core inflation measures adjustments within the costs of all items and providers, excluding unstable objects of contemporary meals in addition to costs of products managed by the federal government. It registered a rise of 1.8 per cent in February 2022 in comparison with the identical month of the earlier yr.

“The rise in world oil costs and the battle between Ukraine and Russia could have an effect on the availability chain and have a ripple impact throughout the worldwide financial system.

“This can possible have implications on the transportation value and thus nationwide inflation.Presently, the federal government remains to be sustaining the RON95 unleaded petrol and diesel costs to guard shoppers from the consequences of oil value will increase within the world market,” he defined.

As for the CPI by states, he famous that each one states recorded will increase in CPI with two states displaying will increase above the nationwide inflation degree of two.2 per cent with the very best enhance recorded by Selangor & Wilayah Persekutuan Putrajaya (2.9 per cent). – Bernama


Source link

Leave a Comment