By Stella Goh

According to the Department of Statistics Malaysia (DOSM), Malaysia’s inflation as measured by the Consumer Price Index (CPI) declined by 1.4% in August 2020 from a year earlier, led by the transport segment of the index.

According to the Department’s Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin, the decrease in CPI was attributed to declines in its segments, including in the transport gauge besides the housing, water, electricity, gas and other fuel segment at 9.9% and 3% respectively.

The decrease in the overall index was attributed to decline in transport (-9.9%), housing, water, electricity, gas and other fuels (-3%), clothing and footwear (-0.6%), and furnishings, household equipment and routine household maintenance (-0.1%), which contributed 45.7% of overall weight.

The average price of unleaded petrol RON95 in August 2020 decreased to RM1.68 per litre from RM2.08 in August 2019. This had led the CPI’s transport segment declined on cheaper petrol and diesel.

According to the DOSM, the average price of unleaded petrol RON97 has decreased to RM1.98 per litre from RM2.51, while the average price of diesel declined to RM1.81 per litre from RM2.18.

However, the CPI in August 2020 increased 0.2% when compared to July 2020 based on monthly terms. The CPI reading for January to August 2020 decreased 1% when compared to the same period a year ago based on year-to-date basis.

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