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Almost 1/3 of CPI contributed by Food & Non-Alcohol Bev.
Consumer Price Index in 2017 rose by 3.7%

Consumer Price Index Malaysia January 2017

Release Date : Wednesday 22, February 2017 1200

 

SUMMARY OF FINDINGS

The overall index for CPI rose 3.2 per cent to 118.2 in January 2017 from 114.5 in the corresponding month of the preceding year. Among the major groups which recorded increases were the indices for Transport (+8.3 per cent), Food & Non-Alcoholic Beverages (+4.0 per cent), Recreation Services & Culture (+3.2 per cent), Health (+2.5 per cent), Restaurants and Hotels (+2.1 per cent), Education (+2.0 per cent) and Housing, Water, Electricity, Gas & Other Fuels (+1.9 per cent) (Table 1).

Chart 1: Consumer Price Index: Index Number for Overall and Selected Main Groups

The index of transport group showed a significant increase of 8.3 per cent on a year-on-year basis in January 2017, after falling 0.6 per cent and 1.5 per cent in December 2016 and November 2016. The average price of 1 litre of RON95 petrol was RM2.10 in January 2017 compared to RM1.85 in January 2016. As for RON97, the average price increased to RM2.40 in January 2017 from RM2.25 in January 2016.

The index for Food & Non-Alcoholic Beverages which accounted 30.2 per cent in the CPI weights, increased 4.0 per cent in January 2017. The increase was fuelled by food sub-group which encapsulated of Oils and Fats (+37.9 per cent); Vegetables (+7.8 per cent); Fish & Seafood (+6.1 per cent) and Fruit (+2.1 per cent). As for Food Away From Home index, it continued to rise in January 2017 and  showed an increase of 3.6 per cent.

 

Chart 2: Consumer Price Index: Annual Percentage Change for Food & Non-Alcoholic Beverages

Among the index of food items which recorded notable increases in January 2017 compared to the same period last year were Round Cabbage (+49.6 per cent); Cooking Oil (+47.2 per cent); Cuttlefish (+10.7 per cent); Prawn (+8.6 per cent); Indian Mackerel (Fish) (+8.5 per cent); Spanish Mackerel (Fish) (+6.6 per cent) and Red Snapper (Fish) (+3.7 per cent). Meanwhile, decreases were registered in the index of some food items such as Shallots (-14.0 per cent); Onions, Big (-7.3 per cent) and Watermelon (-1.1 per cent).

The index for Food & Non-Alcoholic Beverages recorded an increase higher than the rate of overall CPI. The increase in the index for Food & Non-Alcoholic Beverages was reflected in most states in Malaysia especially those in highly urbanised states such as Wilayah Persekutuan Kuala Lumpur, Selangor & Wilayah Persekutuan Putrajaya, Pulau Pinang, Johor and Melaka.

 

Chart 3: Consumer Price Index: Annual Percentage Change for Food & Non-Alcoholic Beverages by State

Five states recorded higher increases for Food & Non-Alcoholic Beverages index above the national level index for January 2017 compared to the corresponding month in 2016. The index for Food & Non-Alcoholic Beverages rose 5.1 per cent in Melaka, 5.0 per cent in Johor, 4.9 per cent in Pulau Pinang, 4.5 per cent in Wilayah Persekutuan Kuala Lumpur and 4.4 per cent in Kedah & Perlis.

On a monthly basis, the index for Food & Non-Alcoholic Beverages increased 0.9 per cent in January 2017, following an increase of 0.6 per cent in December 2016. Meanwhile, the index for Non-Food recorded an increase of 1.2 per cent in January 2017 compared with the preceding month.

Based on a seasonally adjusted term, the overall CPI for January increased 1.1 per cent as compared to December 2016 (Table 1).

Core inflation rose 2.3 per cent in January 2017 compared to the same month of the previous year. Among the major groups which influenced the higher core rate were price increases for Transport (+3.3 per cent); Food & Non-Alcoholic Beverages (+3.3 per cent); Recreation Services & Culture (+3.2 per cent); Health (+2.5 per cent) and Housing, Water, Electricity, Gas & Other Fuels (+2.4 per cent) (Table 3).

Table 1: Consumer Price Index for Main Groups, Malaysia (2010=100)

 

Table 2: Consumer Price Index for Sub-Groups of Food and Non-Alcoholic Beverages, Malaysia (2010=100)

 

Table 3: Headline CPI and Core Index by Main Groups, Malaysia (2010=100)

 

 

Released By:

THE OFFICE OF CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
22 February 2017

Contact person:

Ho Mei Kei
Public Relation Officer
Corporate and User Services Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : mkho[at]stats.gov.my