Malaysia July CPI up 1.4% y-o-y to 121.5

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KUALA LUMPUR (Aug 14): Malaysia's July consumer price index (CPI) rose 1.4% year-on-year to 121.5 versus 119.8, according to the Department of Statistics Malaysia.

In a statement today, Chief Statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin said out of 552 items covered in CPI, 394 items showed an increase in July 2019 as against July 2018. On the contrary, 120 items declined while 38 items were unchanged.

He said the increase in the overall index was driven by the index of furnishings, household equipment and routine household maintenance (3.3%), food and non-alcoholic beverages (2.4%), recreation services and culture (2.4%), alcoholic beverages and tobacco (2.3%), and communication (2.1%).

Mohd Uzir said that on a monthly basis, the CPI rose 0.1% as compared to June 2019.

He said the month-on-month increase was mainly supported by the index of food and non-alcoholic beverages (0.3%), furnishings, household equipment and routine household maintenance (0.2%), and transport (0.2%).

Meanwhile, CPI for the period of January-July 2019 registered an increase of 0.3% as compared to the same period last year.