CPI for December 2021 increased 3.2% due to rise in flood, fuel prices


KUALA LUMPUR: Malaysia’s Consumer Price Index (CPI) in December 2021 increased 3.2 per cent to 124.5 as in opposition to 120.6 in the identical month of the previous 12 months due to the rise in meals and fuels prices, mentioned the Department of Statistics Malaysia (DOSM).

In an announcement at the moment, chief statistician Datuk Seri Mohd Uzir Mahidin mentioned the rise additionally surpassed the common inflation for the interval 2011 to 2021 (1.9 per cent).

“Other than the will increase in meals and non-alcoholic drinks group (3.2 per cent) and transport group (9.5 per cent), the inflation fee 3.2 per cent in December 2021 was additionally attributed by the upper value in housing, water, electrical energy, gasoline and different fuels group (3.4 per cent); furnishings, family tools and routine family upkeep (2.7 per cent) in addition to eating places and inns (1.3 per cent),” he mentioned.

He additionally mentioned the rise of meals and non-alcoholic drinks group value index at 3.2 per cent was due to larger prices of uncooked supplies for the preparation of cooking at residence, akin to meat (8.3 per cent); milk, cheese and eggs (5.5 per cent); greens (5.0 per cent); oils and fat (4.4 per cent) and fish and seafood (4.2 per cent).

Chicken increased 13.6 per cent and recorded a mean value of RM9.54 per kilogramme in contrast to RM8.40 in December 2020, eggs recorded a double digit improve of 13.5 per cent final month, whereas milk additionally went up 3.0 per cent.

In addition, Mohd Uzir mentioned heavy rains occurred in a number of states all through December 2021 has led to the rise in meals prices, particularly greens and fish and seafood, attributable to a direct impact of provide shortages due to the climate issue.

However, he mentioned the implementation of Skim Harga Maksimum Keluarga Malaysia by the federal government throughout Dec 7 to 31 has eased the inflation of this group from persevering with to soar.

Besides that, he mentioned the slower improve in the transport group value index in contrast to November 2021 (12.7 per cent) was due to the upper value of unleaded petrol RON95 in December 2020 as at RM1.74 per litre which has narrowed the distinction between the ceiling value of unleaded petrol RON95 set by the federal government in March 2021 (RM2.05).

“To a sure extent, it has eased inflation in contrast to November 2021 of three.3 per cent,” he mentioned.

As for CPI by states, he famous that each one states recorded a rise in December 2021, with eight states exhibiting a rise above the nationwide inflation degree of three.2 per cent and highest improve being Terengganu at 3.9 per cent.

Meanwhile, Sarawak (2.5 per cent), Federal Territory of Kuala Lumpur (2.3 per cent) and Sabah and Federal Territory of Labuan (2.0 per cent) had been the three states with the bottom CPI improve.

Mohd Uzir additionally mentioned core inflation registered a rise of 1.1 per cent y-o-y in December 2021, contributed by the rise in the furnishings, family tools and routine family upkeep group (2.7 per cent).

“Inflation with out fuel rose 2.0 per cent in December 2021 to 115.1 from 112.8 in the identical month of the previous 12 months,” he mentioned.

Meanwhile, he defined the CPI for the fourth quarter of 2021 rose 3.2 per cent to 124.1 in contrast to 120.3 in the identical quarter of the previous 12 months.

“In phrases of quarterly comparability, the CPI increased to 1.2 per cent in contrast to the third quarter of 2021,” he mentioned.

On a month-to-month foundation, Mohd Uzir mentioned the CPI increased 0.4 per cent in contrast to November 2021.

He additionally identified that annual inflation fee in 2021 confirmed a rise of two.5 per cent in contrast to a unfavourable 1.2 per cent in 2020.

“The improve in inflation fee just isn’t solely taking place in Malaysia however can be occurring in different international locations,” he added.

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