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Spike in food and fuel prices drives increase in CPI

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The price of petrol went up 27.6% and electricity costs increased by 34.6% after the electricity discount was discontinued in February.

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Free Malaysia Today
The price of chicken increased by 16.7% in November compared to a year ago.

PETALING JAYA:
Food and energy costs spiked in November compared to a year ago, the statistics department said, driving a 3.3% increase in the consumer price index (CPI).

In a statement, chief statistician Mohd Uzir Mahidin said the price of chicken – the largest component of meat and the main source of protein for Malaysians – increased by 16.7% year-on-year (y-o-y), as a result of increases in animal feed costs.

The price of Indian mackerel, another popular protein choice, increased 6.1%, and milk, cheese and eggs went up by 4.2%.

Vegetables were also more expensive, with costs increasing 3.4% y-o-y.

Free Malaysia Today

The price of petrol went up 27.6% and electricity costs increased by 34.6% as a result of the electricity discount being discontinued in February.

However, the average prices of some items were stable while others saw slight decreases.

“In November, some goods that remained unchanged were communication services, education fees and toll charges. Meanwhile, among goods that registered a decline in prices were clothing and footwear (-0.4%) and vitamins (-1.7%),” Uzir said.

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