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Malaysia: KL records highest increase in food costs in July
KUALA LUMPUR: Food & non-alcoholic beverages recorded a 3.5% increase in Kuala Lumpur in July, far exceeding all the states, according to the Statistics Department.
The other state which recorded higher than the national index of 0.7% was Sarawak at 0.9%.
The inflation rate, as measured by the Consumer Price Index (CPI), rose 0.9% in July 2018 from a year ago, which was in line with a Bloomberg forecast.
The CPI for July rose to 119.8 from 118.7 a year ago due to a 6.7% rise in the transport index. The index for housing, water, electricity, gas & other fuels climbed 2% and education 1%.
Chief statistician Datuk Seri Dr.Mohd Uzir Mahidin said on a monthly basis, the CPI increased by 0.2% from June 2018. CPI for January-July 2018 increased by 1.4% from the previous corresponding period.
In terms of overall CPI, four states surpassed the national CPI rate of 0.9% in July. They were Negeri Sembilan (+1.3%), Selangor & Putrajaya (+1.2%), Kuala Lumpur (+1.1%) and Johor (+1%).
Source: Read more at https://www.thestar.com.my/business/business-news/2018/08/24/kl-records-highest-increase-in-food-costs-in-july/#KlmxLEGRQhM2Ur3z.99