CPI declines 1.3 pct in July - Statistics Department

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Malaysia's Consumer Price Index (CPI) declined 1.3 percent in July 2020 to 119.9 from 121.5 in the same month last year, according to the Department of Statistics Malaysia (DOSM). Chief statistician Mohd Uzir Mahidin (above) said the decrease in the overall index was due to the decline in transport (-10.3 percent), as well as housing, water, electricity, gas, and other fuels (-2.6 percent). Also contributing to the index decrease were clothing and footwear (-0.6 percent), as well as furnishings, household equipment, and routine household maintenance (-0.1 percent). All the above was said to have contributed 45.7 percent to the overall weight. “Nevertheless, food and non-alcoholic beverages increased 1.4 percent to 135.0 compared to 133.2 in the corresponding month of the preceding year. This group contributes 29.5 percent of CPI weight. “Similarly, miscellaneous goods and serv…