EDITION
  • English
  • 中文
  • Bahasa
  • eCommerce
Saturday, January 28, 2023
uLearnMoney Subscription Events
No Result
View All Result
Money Compass

EDITIONS:

Media and partner organizations:

cmc bmc ulearnmoney mylife mcm
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
Subscription Newsletter
Money Compass
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE
No Result
View All Result
中文 Bahasa eCommerce
Money Compass

Malaysia CPI declines 2.9% yoy in May 2020

by moneycompass
June 24, 2020
in Local Market News
CPI
Share on FacebookShare on WhatsApp

KUALA LUMPUR – Malaysia’s inflation, as measured by the consumer price index (CPI), declined 2.9% in May 2020 from the preceding year, led by the drop in the transport component on lower fuel prices.

Department of Statistics chief statistician Datuk Seri Dr Mohd Uzir Mahidin said in a statement today the transport component fell 20.8%.

“The decrease in the overall index was driven by the decline in transport (-20.8%), housing, water, electricity, gas & other fuels (-2.6%), clothing & footwear (-1.1%) and furnishings, household equipment & routine household maintenance (-0.2%) which contributed to 45.7% of overall weight.

“CPI without fuel was at a positive rate of 0.1% in May 2020 compared with 0.2% for April 2020. CPI without fuel covers all goods and services except unleaded petrol RON95, unleaded petrol RON97 and diesel,” said Mohd Uzir.

In the statement, it states that the index for all states decreased between -1.9% to -3.8% in May 2020 as compared to May 2019. The highest decrease was recorded by Sarawak (-3.8%) followed by Kelantan (-3.7%) and Kedah & Perlis (-3.7%).

“However, all states registered an increase in the index of food & non-alcoholic beverages. The highest increase was recorded by Selangor & Wilayah Persekutuan Putrajaya (2.1%), Perak (1.8%), Pulau Pinang (1.7%) and Johor (1.3%) and it surpassed the national index of 1.2% for food & non-alcoholic beverages in May 2020,” Mohd Uzir said.

On a monthly basis, the department’s statement said May 2020 CPI increased 0.3% compared with April 2020.

Between January and May 2020, the CPI decreased 0.7% from a year earlier, according to the department.

CPI dropped for the third consecutive month in May 2020 after March 2020’s 0.2% decline. April 2020 CPI declined 2.9% year-on-year (yoy) which is the sharpest fall recorded since 2010.

 

Read more: Malaysians need to look at how to embrace new normal, says study

Tags: ConsumerDepartment of Statistics Malaysia (DOSM)
ShareSendShareSendTweetShare
Previous Post

Banking on resilience in recovery mode

Next Post

How China is tightening its grip on Hong Kong’s economy

Related Posts

Corporate News

JCorp Officially Launches JLand Group (JLG) to Capture Opportunities in New Economy Real Estate

18 Jan 2023
Local Market News

PETRONAS allocates RM322 million contract to Muhibbah

08 Dec 2022
MDEC
Local Market News

MDEC: Malaysia is a popular investment location for Chinese investors

08 Dec 2022

Discussion about this post

MOST POPULAR

  • The 12th International Conference on Financial Crime and Terrorism Financing (IFCTF) 2022 saw Bank Negara Malaysia's (BNM) governor talk about the ringgit's status.

    Malaysian ringgit ranked as cheapest currency in region

    0 shares
    Share 0 Tweet 0
  • Government of Sharjah Honours Partners With NFT Plaque Using SBT Technology for their Support at GITEX Global 2022, becomes world’s first to do so

    0 shares
    Share 0 Tweet 0
  • Kenanga Research foresees slow 5G adoption

    0 shares
    Share 0 Tweet 0
  • Communicators Make Historic Strides in C-suite Impact

    0 shares
    Share 0 Tweet 0
  • Malaysia’s future growth plans in ASEAN’s digital economy – MGBF

    0 shares
    Share 0 Tweet 0

MEMBERSHIP SUBSCRIPTION

Subscribe Now

Sign Up for Our Free Newsletters

Stay up-to-date with the latest personal wealth-related articles, breaking financial market news, and more.

Follow us on Social Media

News
Special Feature
Compass
Money Tube
Smart Lifestyle
Corporate Profile
Advertise
Subscriptions
Career
Contact Us
eLearning
Events
Privacy Policy
Terms of Use
Strategic Partners

Copyright © . Money Compass. All Rights Reserved.

Design and Development by Ant Internet Sdn Bhd

No Result
View All Result
  • HOME
  • NEWS
    • Global Market News
    • Local Market News
    • Corporate News
    • PLC News
  • SPECIAL FEATURE
  • COMPASS
    • Financial
    • Investment
    • Start Up
    • Capital
    • Infographics & Quotes
  • MONEY TUBE
  • LIFESTYLE
  • PR NEWSWIRE

© 2020 Money Compass

Career

SUBSCRIBE FREE NEWSLETTER