Consumer Price Index

Overview

 

The Consumer Price Index (CPI) for the period January to June 2012 increased by 2.0 per cent to 104.6 compared with that of 102.5 in the same period last year. Compared with the same month in 2011, the CPI for June 2012 registered an increase of 1.6 per cent from 103.2 to 104.8 and when compared with the previous month, the CPI increased by 0.1 per cent.

The index for Food & Non-Alcoholic Beverages and Non-Food for the month of June 2012 showed increases of 2.9 and 1.0 per cent respectively as compared to the same month in 2011. For the period January to June 2012, the index for Food & Non-Alcoholic Beverages and Non-Food increased by 3.1 and 1.6 per cent respectively. Compared with the previous month, the index for Food & Non-Alcoholic Beverages increased by 0.6 per cent while index for Non-Food decreased by 0.2 per cent (Table 1).

 

CPI changes for the period January - June 2012 / 2011

The 2.0 per cent increase in the CPI was brought about by increases observed in the indices of all the main groups except those of Communication ( - 0.6 per cent ) and Clothing & Footwear ( - 0.4 per cent ). Notable increases among these main groups with high weights were Food & Non-Alcoholic Beverages ( + 3.1 per cent ); Housing, Water, Electricity, Gas & Other Fuels ( + 1.7 per cent ) and Transport ( + 1.0 per cent ). Other increases were Restaurants & Hotels ( + 3.5 per cent ); Education ( + 2.8 per cent ); Miscellaneous Goods & Services ( + 2.6 per cent ); Furnishings, Household Equipment & Routine Household Maintenance ( + 2.3 per cent ); Health ( + 2.2 per cent ) and Recreation Services & Culture ( + 2.1 per cent ). The index for Alcoholic Beverages & Tobacco remained unchanged at 104.6.


 

 

Table 1 : CONSUMER PRICE INDEX FOR MAIN GROUPS, MALAYSIA (2010=100)

Group
Wt.
Index
% Change
Jun
2011

May
2012

Jun
2012
Jan - Jun
2011

Jan - Jun
2012

Jun 2012/
May 2012
Jun 2012/
Jun 2011
Jan - Jun 2012/ 2011
TOTAL
100.0
103.2
104.7
104.8
102.5
104.6
0.1
1.6
2.0
Food & Non-Alcoholic Beverages
30.3
104.7
107.1
107.7
103.8
107.0
0.6
2.9
3.1
Alcoholic Beverages & Tobacco
2.2
104.7
104.7
104.7
104.6
104.6
0.0
0.0
0.0
Clothing and Footwear
3.4
99.8
99.5
99.2
99.9
99.5
-0.3
-0.6
-0.4
Housing, Water, Electricity, Gas & Other Fuels
22.6
101.7
103.2
103.2
101.3
103.0
0.0
1.5
1.7
Furnishings, Household Equip. & Routine Household Maintenance
4.1
101.6
103.7
103.8
101.2
103.5
0.1
2.2
2.3
Health
1.3
102.5
104.5
104.6
102.1
104.3
0.1
2.0
2.2
Transport
14.9
104.8
105.3
105.0
104.0
105.0
-0.3
0.2
1.0
Communication
5.7
99.7
99.2
99.1
99.9
99.3
-0.1
-0.6
-0.6
Recreation Services & Culture
4.6
101.9
103.2
103.2
101.1
103.2
0.0
1.3
2.1
Education
1.4
102.2
104.8
104.7
101.8
104.6
-0.1
2.4
2.8
Restaurants and Hotels
3.2
105.9
108.8
109.0
104.8
108.5
0.2
2.9
3.5
Miscellaneous Goods & Services
6.3
101.9
103.9
104.1
101.4
104.0
0.2
2.2
2.6
Non-Food
69.7
102.5
103.7
103.5
101.9
103.6
-0.2
1.0
1.6
Durable Goods
6.5
100.4
100.0

100.1

100.2
100.5
0.1
-0.3
0.3
Semi-Durable Goods
4.4
100.4
100.2
100.1
100.3
100.3
-0.1
-0.3
0.0
Non-Durable Goods
41.6
104.5
105.7
106.0
103.7
105.7
0.3
1.4
1.9
Services
47.5
102.6
104.8
104.9
102.0
104.6
0.1
2.2
2.5

Based on the above changes and the weights assigned to the main groups, the relative contribution to the overall increase of 2.0 per cent in the CPI can be identified as shown in Table 2. The three main groups, Food & Non-Alcoholic Beverages; Housing, Water, Electricity, Gas & Other Fuels and Transport together accounted for 76.3 per cent of the overall increase recorded for the current period.


Table 2 : CONTRIBUTION TO THE CHANGES IN THE OVERALL CONSUMER PRICE INDEX
BY MAIN GROUPS, MALAYSIA (2010=100)

Group
Wt.
2011 / 2010
Jun
2012 / 2011
January - Jun
2012 / 2011
% Change
% Contribution
% Change
% Contribution
% Change
% Contribution
TOTAL
100.0
3.2
100.0
1.6
100.0
2.0
100.0
Food & Non-Alcoholic Beverages
30.3
4.8
46.4
2.9
54.9
3.1
49.7
Alcoholic Beverages & Tobacco
2.2
4.6
3.2
0.0
0.0
0.0
0.0
Clothing and Footwear
3.4
-0.2
-0.3
-0.6
-1.3
-0.4
-0.7
Housing, Water, Electricity, Gas & Other Fuels
22.6
1.8
12.5
1.5
19.9
1.7
19.3
Furnishings, Household Equip. & Routine Household Maintenance
4.1
1.8
2.3
2.2
5.3
2.3
4.4
Health
1.3
2.7
1.2
2.0
1.6
2.2
1.4
Transport
14.9
4.4
20.7
0.2
2.0
1.0
7.3
Communication
5.7
-0.3
-0.5
-0.6
-2.0
-0.6
-1.9
Recreation Services & Culture
4.6
2.0
2.8
1.3
3.4
2.1
4.8
Education
1.4
2.2
1.0
2.4
2.1
2.8
1.9
Restaurants and Hotels
3.2
5.9
6.0
2.9
6.0
3.5
5.9
Miscellaneous Goods & Services
6.3
2.4
4.7
2.2
8.1
2.6
7.9

The 3.1 per cent increase in the index for Food & Non-Alcoholic Beverages was the result of increases for Food At Home ( + 2.5 per cent ); Food Away From Home ( + 4.4 per cent ) and Coffee, Tea, Cocoa & Non-Alcoholic Beverages ( + 3.3 per cent ). Among the subgroups of Food At Home which showed significant increases during this period were Fish & Seafood ( + 7.8 per cent ); Milk & Eggs ( + 4.0 per cent ); Sugar, Jam, Honey, Chocolate and Confectionery ( + 3.5 per cent ); Fruits ( + 2.0 per cent ); Rice, Bread and Other Cereals ( + 1.4 per cent ) and Oils & Fats ( + 1.0 per cent ).


Table 3 : CONSUMER PRICE INDEX FOR SUB-GROUPS OF FOOD AND
NON-ALCOHOLIC BEVERAGES, MALAYSIA (2010=100)

Sub-group
Wt.
Index
% Change
Jun
2011
May
2012
Jun
2012
Jan - Jun 2011
Jan - Jun 2012
Jun 2012/
May 2012
Jun 2012/
Jun 2011
Jan - Jun 2012/2011
Food & Non-Alcoholic Beverages
30.3
104.7
107.1
107.7
103.8
107.0
0.6
2.9
3.1
Food
28.9
104.8
107.2
107.8
103.9
107.2
0.6
2.9
3.2
Food At Home
18.9
105.0
106.6
107.5
104.2
106.8
0.8
2.4
2.5
Rice, Bread & Other Cereals
4.4
101.4
102.5
102.5
101.0
102.4
0.0
1.1
1.4
Meat
2.9
109.1
105.3
108.3
105.5
105.0
2.8
-0.7
-0.5
Fish & Seafood
4.5
105.1
112.3
113.6
104.0
112.1
1.2
8.1
7.8
Milk & Eggs
1.8
105.1
108.5
108.1
104.5
108.7
-0.4
2.9
4.0
Oils and Fats
0.6
100.6
101.4
101.4
100.3
101.3
0.0
0.8
1.0
Fruits
1.2
105.2
107.7
107.7
105.7
107.8
0.0
2.4
2.0
Vegetables
2.1
105.1
101.4
102.4
107.3
103.2
1.0
-2.6
-3.8
Sugar, Jam, Honey, Choc. &
Confectionery
0.6
113.1
113.6
113.7
109.7
113.5
0.1
0.5
3.5
Food Products n.e.c.
0.8
105.7
110.0
110.0
104.1
110.1
0.0
4.1
5.8
Food Away From Home
10.0
104.5
108.2
108.4
103.4
107.9
0.2
3.7
4.4
Coffee, Tea, Cocoa & Non-Alcoholic Beverages
1.4
102.4
105.1
105.3
101.5
104.8
0.2
2.8
3.3

 

Monthly Changes for CPI

Compared with the previous month, the CPI for June 2012 increased by 0.1 per cent. Increases were for main groups Food & Non-Alcoholic Beverages ( + 0.6 per cent ); Restaurants & Hotels and Miscellaneous Goods & Services by 0.2 per cent respectively; Furnishings, Household Equipment & Routine Household Maintenance and Health by 0.1 per cent respectively. On the other hand, decreases were shown for Clothing & Footwear and Transport by 0.3 per cent respectively; Communication and Education by 0.1 per cent respectively. The indices for Alcoholic Beverages & Tobacco; Housing, Water, Electricity, Gas & Other Fuels and Recreation Services & Culture remained unchanged at 104.7; 103.2 and 103.2 respectively.

The 0.6 per cent increase in the index for Food & Non-Alcoholic Beverages in June 2012 compared with that of the previous month was the result of increases in the index for Food At Home ( + 0.8 per cent ); Food Away From Home and Coffee, Tea, Cocoa & Non-Alcoholic Beverages by 0.2 per cent respectively.

Among the food items which recorded notable increases in June 2012 compared with the previous month were Garlic ( + 14.7 per cent ); Cucumber ( + 8.8 per cent ); Round Cabbage ( + 8.0 per cent ); Carrots ( + 7.4 per cent ); Chicken ( + 5.6 per cent ); Round Scad (Fish) ( + 5.2 per cent ); Long Beans ( + 5.2 per cent ); Selar Scad (Fish) ( + 4.5 per cent ); Hardtail Scad (Fish) ( + 2.5 per cent ) and Longtail Tuna (Fish) ( + 2.3 per cent ).

Meanwhile, the index of some food items decreased in June 2012 compared with the previous month. Among these were Spinach ( - 7.2 per cent ); Choy Sum ( - 6.4 per cent ); Water Spinach ( - 5.7 per cent ); Red Chillies ( - 1.4 per cent ); Hen’s Eggs ( - 1.2 per cent ) and Onion, Big ( - 1.1 per cent ).

A reclassification of items according to their durability and services rendered showed increases in Non-Durable Goods ( + 0.3 per cent ); Durable Goods and Services by 0.1 per cent respectively while Semi-Durable Goods decreased by 0.1 per cent.

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