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Consumer Price Index Malaysia January 2016

Release Date : Wednesday 24, February 2016 1200
The Consumer Price Index (CPI) for January 2016 increased by 3.5 per cent to 114.5 compared with 110.6 in the same month last year. The rise in the CPI was due to increases in all twelve major groups. Among the major groups which recorded increases were the index for Alcoholic Beverages & Tobacco group by 22.6 per cent; Miscellaneous Goods and Services (+5.5 per cent); Health (+4.6 per cent); Restaurants & Hotels (+4.5 per cent); Furnishing, Household Equipment & Routine Household Maintenance (+4.1 per cent) and Food & Non-Alcoholic Beverages (+3.9 per cent).

The index for Food & Non-Alcoholic Beverages (weight: 30.2) rose 3.9 per cent on a year-on-year basis in January 2016. Meanwhile, the index for Non-Food (weight: 69.8) recorded an increase of 3.4 per cent (Chart 1 and Table 1).

 


 
 

Monthly Changes for CPI

When compared with the previous month, CPI for January 2016 decreased 0.3 per cent to 114.5 from 114.8. Of the twelve major groups, nine recorded an increase, while three main groups registered decreases in January 2016, namely Transport (-2.9 per cent); Communication (-2.4 per cent) and Alcoholic Beverages and Tobacco (-0.1 per cent).

Based on a seasonally adjusted term, the CPI for January 2016 decreased by 0.3 per cent as compared to December 2015 (Table 1).

 

Table 1 : Consumer Price Index for Main Groups, Malaysia (2010=100)
 
Main Group
 
Wt.(1)
Index
Year-on-Year Percentage Change
Month-on-Month Percentage Change
Seasonally Adjusted Index
Jan 2016
Dec 2015/    Dec 2014
Jan 2016/     Jan 2015
Dec 2015/
Nov 2015
Jan 2016/
Dec 2015
Jan 2016 % Change    Jan 2016/    Dec 2015
TOTAL
100.0
114.5 2.7 3.5 0.0 -0.3 114.5 -0.3
Food & Non-Alcoholic Beverages
30.2
122.3 4.6 3.9 0.7 0.6 121.5 -0.2
Alcoholic Beverages & Tobacco
2.9
165.0 22.8 22.6 1.7 -0.1 165.0 -0.1
Clothing & Footwear
3.3
99.0 0.8 0.4 -0.1 0.2 99.0 0.2
Housing, Water, Electricity, Gas & Other Fuels
23.8
113.0 2.5 3.1 0.0 0.2 113.1 0.2
Furnishings, Household Equip. & Routine Household Maintenance
3.8
111.2 4.2 4.1 0.1 0.3 111.2 0.3
Health
1.7
116.8 4.6 4.6 0.3 0.3 116.8 0.3
Transport
13.7
104.8 -6.2 0.6 -2.3 -2.9 104.8 -2.9
Communication
5.2
98.1 3.3 0.9 -0.1 -2.4 98.1 -2.4
Recreation Services & Culture
4.9
107.7 2.6 2.3 0.0 0.1 107.7 0.1
Education
1.1
114.0 2.6 2.6 0.3 0.7 113.9 0.1
Restaurants & Hotels
2.9
123.9 4.7 4.5 0.2 0.1 123.9 0.1
Miscellaneous Goods & Services
6.5
112.0 5.4 5.5 -0.2 0.4 112.0 0.4
Non-Food
69.8
111.1 1.8 3.4 -0.3 -0.7 111.1 -0.7

Note: (1) From the release of Consumers Price Index: January 2016 onwards, the weights used in the index are based on the Household Expenditure Survey 2014

The 0.6 per cent increase in the index for Food & Non-Alcoholic Beverages in January 2016 compared with the previous month was the result of an increase in the index for Food At Home by 0.7 per cent, followed by index for Food Away From Home and index for Coffee, Tea, Cocoa & Non-Alcoholic Beverages which increased by 0.6 and 0.2 per cent respectively (Table 2).
 
Among the food items which recorded notable increases in January 2016 compared with the previous month were Watermelon (+11.1 per cent); Cuttlefish (+7.7 per cent); Chicken (+6.5 per cent); Round Scad (Fish) (+4.6 per cent); Garlic (+4.5 per cent); Prawn (+3.0 per cent); Indian Mackerel (Fish) (+2.3 per cent); Crabs (+1.3 per cent) and Shallots (+1.1 per cent).
 

Meanwhile, the index of some food items decreased in January 2016 compared with the previous month. Among these food items were Spinach (-17.5 per cent); Choy Sum (-15.5 per cent); Hen's Egg (-3.8 per cent); Carrots (-2.3 per cent); Ginger (-2.0 per cent) and Onion, Big (-1.6 per cent).

 
Table 2 : Consumer Price Index for Sub-Groups of Food and Non-Alcoholic Beverages, Malaysia (2010=100)
 
Sub-Groups
Wt.(1)
Index Year-on-Year Percentage Change Month-on-Month Percentage Change
Jan 2016
Dec 2015/      Dec 2014
Jan 2016/     Jan 2015
Dec 2015/     Nov 2015
Jan 2016/     Dec 2015
Food & Non-Alcoholic Beverages 30.2 122.3 4.6 3.9 0.7 0.6
Food 29.0 122.9 4.6 4.0 0.8 0.7
Food At Home 17.9 122.3 4.7 3.6 1.1 0.7
Rice, Bread & Other Cereals 3.7 108.0 2.0 1.8 0.2 0.2
Meat 2.8 122.1 3.3 6.1 2.8 3.2
Fish & Seafood
4.3 136.1 5.7 6.0 0.3 2.3
Milk & Eggs 1.6 122.8 1.1 -0.3 0.4 -0.6
Oils & Fats 0.5 101.9 0.9 0.7 0.1 -0.1
Fruits 1.1 126.2 6.5 6.7 1.1 1.5
Vegetables 2.4 122.9 12.0 -0.1 3.4 -3.9
Sugar, Jam, Honey, Chocolate & Confectionary 0.6 134.1 1.9 3.4 0.0 1.5
Foof Products n.e.c 0.9 123.0 6.3 6.4 0.8 0.4
Food Away From Home 11.1 123.8 4.4 4.7 0.2 0.6
Coffee, Tea, Cocoa & Non-Alcoholic Beverages 1.2 111.6 3.1 3.1 -0.2 0.2

Note: (1) From the release of Consumers Price Index: January 2016 onwards, the weights used in the index are based on the Household Expenditure Survey 2014

Core Inflation 

Core inflation also rose 3.6 percent in January 2016 compared to the same period of the previous year (Table 3). Core inflation differs from overall CPI (headline CPI) in that it is calculated by excluding prices for goods and services that are subject to fluctuations which considered transitory in nature and do not have a lasting impact on the underlying trend in inflation. These include nine of the CPI's most volatile items of fresh food, as well as administered prices of goods and services. Core inflation measures are used as operational guides for monetary policy in assessing the direction of inflation. 

 

 

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

 
Group
Wt.(1)
HEADLINE CPI
CORE INDEX
Index Jan 2016 Percentage Change Core Index Percentage Change
Jan 2016/     Dec 2015 Jan 2016/     Jan 2015 Wt. Jan 2016/     Jan 2015
TOTAL 100.0 114.5 -0.3 3.5 100.0 3.6
Food & Non-Alcoholic Beverages 30.2 122.3 0.6 3.9 26.3 4.1
Alcoholic Beverages & Tobacco
2.9 165.0 -0.1 22.6 - -
Clothing & Footwear 3.3 99.0 0.2 0.4 4.6 0.4
Housing, Water, Electricity, Gas & Other Fuels 23.8 113.0 0.2 3.1 26.8 3.5
Furnishings, Household Equipment & Routine Household Maintenance 3.8 111.2 0.3 4.1 5.2 4.1
Health 1.7 116.8 0.3 4.6 2.3 4.5
Transport 13.7 104.8 -2.9 0.6 6.7 3.8
Communication 5.2 98.1 -2.4 0.9 7.2 0.9
Recreation Services & Culture 4.9 107.7 0.1 2.3 6.6 2.2
Education
1.1 114.0 0.7 2.6 1.5 2.6
Restaurant & Hotel 2.9 123.9 0.1 4.5 3.9 4.5
Miscellaneous Goods & Services 6.5 112.0 0.4 5.5 8.9 5.5

Note: (1) From the release of Consumers Price Index: January 2016 onwards, the weights used in the index are based on the Household Expenditure Survey 2014

 

Updating the Consumer Price Index Basket

The “basket” of goods and services of CPI has been updated based on the Household Expenditure Survey conducted for twelve reference months from January to December 2014. Prior to this, the “basket” of goods and services is based on the Household Expenditure Survey conducted from April 2009 to March 2010. Updating of the “basket” of goods and services is undertaken to ensure the statistics reflect the current patterns in consumer expenditure.

During this updating "basket" exercise, the CPI basket weights for individual items, classes and higher level aggregates are updated. Subsequently, the weights are then expressed at the prices of December 2015 in order to chain indices across the old and new baskets. The period of December 2015 is called the link month. 

Released By:

THE OFFICE OF CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
24 February 2016
 

 

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 : [email protected]