Malaysia'S Consumer Prices Fell By 1.4% In December Last Year.
according to Malaysia Statistics released by the Statistics Bureau show that the country went to (2010) December. Consumer The price index is 115.5, which is 2.2% higher than that of the previous (2009) year (113).
Malaysia economists believe that the price of global raw products has skyrocketed, coupled with higher prices of alcoholic beverages and tobacco in Malaysia, and the government's decision to reduce subsidies for fuel oil, liquefied natural gas and sugar, leading to higher prices for new products and a 19 month high in December.
With the rising prices of raw products and the gradual reduction of subsidies, the inflation rate of Malaysia will rise to 3.3%~3.4% this year (2011).
In December, the prices of major consumer goods increased significantly, including alcoholic beverages and cigarettes (up 4%), miscellaneous products and services (up 2.7%), and non-alcoholic beverages and foods (up 2.4%).
Other items of price increase include restaurants and hotels (up 2%), education (up 1.7%), leisure, service and culture (up 1.6%), health care (up 1.6%), pportation (up 1.6%), real estate, water, electricity, gas and other fuels (up 1.1%), and household appliances, household equipment and daily necessities (up 0.7%).
The decline was for clothing and footwear (down 1.4%) and newsletter (down 0.2%).
The cumulative consumer price index for Malaysia from 1 to December was 114, up 1.7% from 112.1 in the same period last year.
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