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Malaysia: February inflation up 1.4%, Melaka records highest increase
KUALA LUMPUR: The inflation rate in February rose at a slower pace of 1.4% from a year ago, which was much better than a Bloomberg survey of a 1.9% increase.
The Statistics Department said on Wednesday the consumer price index (CPI) was impacted by a slower increase in the food and non-alcoholic beverages and a sharp decline in transport costs as fuel prices fell.
The CPI also increased at a slower pace compared with January, which registered a 2.7% increase on-year.
Its chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the overall index was also affected by the drop in the transport group by 0.3% in February. Other groups which also showed decreases were clothing and footwear (-0.7%) and communication (-0.5%).
Among the main groups, the increases were food and non-alcoholic beverages index (+3%), furnishings, household equipment & routine household maintenance (+2.1%); health (+2.1%); housing, water, electricity, gas & other fuels (+2%) and restaurants & hotels (+1.8%).
The CPI for January-February 2018 recorded an increase of 2% compared with the previous corresponding period.
The department said four states surpassed the national CPI rate of 1.4% in February with Melaka recording a 1.8% increase, Selangor & Wilayah Persekutuan Putrajaya (+1.7%), Johor (+1.5%) and Sabah & Labuan (+1.5%).
The department said the index for food & non-alcoholic beverages rose 4.2% in Kuala Lumpur, 3.9% in Sabah & Labuan, 3.6% in Johor, 3.2% in Pulau Pinang, 3.1% in Sarawak and 3.1% in Melaka.
Source: https://www.thestar.com.my/business/business-news/2018/03/21/february-inflation-up-1pt4pct-slower-than-expected/#6BgCv7u5pEr34wOv.99