KUALA LUMPUR: Malaysia's consumer price index (CPI) in February rose for the first time in 12 months, expanding 0.1% from a year earlier on higher prices of food and other goods and services, government data showed on Wednesday.
The rise was slightly slower than the 0.2% annual growth forecast by economists in a Reuters poll and the first since February 2020 when it grew 1.3%. In January, the index had fallen 0.2%.
Last month's CPI expansion was largely driven by higher prices of miscellaneous goods and services, as well as food and non-alcoholic beverages, the Statistics Department said in a statement.
The growth, however, was offset by lower costs of transport, housing, utilities, clothing, and restaurants and hotels, the department said.
Reuters
Wed Mar 24 2021
![Malaysia's Feb CPI rises 0.1% y/y, just below forecast Malaysia's Feb CPI rises 0.1% y/y, just below forecast](https://resizer-awani.eco.astro.com.my/tr:w-177,h-100,q-100,f-auto/https://img.astroawani.com/2021-03/41616564333_shopper.jpg)
Shoppers wearing protective masks shop at a market, amid the coronavirus disease (COVID-19) outbreak in Kuala Lumpur, Malaysia November 6, 2020. REUTERS pic
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