Stats Dept: Inflation Up 1.4%

Stats Dept: Inflation Up 1.4%

Malaysia’s inflation rose 1.4% in February 2018 from a year earlier, mainly due to an increase in prices under the food and non-alcoholic beverages segment in the consumer price index (CPI).

Datuk Seri Dr Mohd Uzir Mahidin, chief statistician of the Statistics Department, said in a statement today that the CPI’s food and non-alcoholic beverages segment rose 3%.

“Among the main groups, the increases were food and non-alcoholic beverages index (+3%), furnishings, household equipment & routine household maintenance (+2.1%), health (+2.1%), housing, water, electricity, gas & other fuels (+2%), and restaurants & hotels (+1.8%).”

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He added that the overall index was also affected by the drop in the transport group by 0.3% in February 2018. Other groups which also showed decreases were clothing and footwear (-0.7%) and communication (-0.5%).

For the January-February 2018 period, Uzir said the CPI increased 2% from a year earlier. For January, the department said the CPI rose 2.7% from a year earlier.

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