Malaysia Consumer Price Clothing And Footwear Fell 1.3% In January

2011/2/25 17:07:00 74

Consumer Clothing And Footwear In Malaysia

According to the information released by the Malaysia Statistical Bureau, the consumer price index (CPI) of the country (2011) in January was 101.8, up 2.4% from the same period (2010) in the same period (99.4), reaching the highest level since mid 2009, which is in line with the market forecast.

Malaysia economists believe that the world's food and raw materials

product

Soaring prices, coupled with higher prices of alcoholic beverages and tobacco in Malaysia, and the government's decision to reduce subsidies for fuel, liquefied natural gas and sugar, led to a rise in prices of advanced products.

The market foresees that Malaysia will gradually increase its inflation rate in the coming months, which will also bring pressure on the Central Bank of Malaysia to raise overnight interest rates.

Main January

consumer goods

Price increases were more pronounced in alcoholic beverages and cigarettes (up 6.4%), restaurants and hotels (up 4.6%) and traffic (up 4.3%).

Other rising prices include non-alcoholic beverages and foods (up 3.6%), health (up 2.1%), education (up 1.5%), real estate, water, electricity, gas and other fuels (up 1.4%), miscellaneous products and services (up 1.2%), furniture and household.

equipment

And daily necessities maintenance (up 1%).

The items dropped were clothing and footwear (down 1.3%), leisure, service and culture (down 0.5%) and newsletter (down 0.3%).