Friday, November 26, 2010

October inflation up 2% on-yr, up 0.3% on-month

KUALA LUMPUR:'' The inflation rate for October rose 2% from a year ago on higher food and non-alcoholic beverages and non-food items, according to Statistics Department.

It said on Friday, Nov 26 the inflation rate, measured by the consumer price index (CPI), showed the index for food and non-alcoholic beverages had increased by 2.8% on year while the non-food index rose by 1.5% on-year.

The CPI for October rose 0.3% on-month and as the index for food and non-alcoholic beverages and non-food increased by 0.1% and 0.4% respectively.

The index for food and non-alcoholic beverages accounts for 31.4% of the CPI.

For January-October, the CPI increased by 1.7% from the previous corresponding period due to increases in the indices of all the main groups except for clothing and footwear and communication.

Notable increases among these main groups with high weightage were food and non-alcoholic beverages (+2.3%); transport (+1.3%) and housing, water, electricity, gas and other fuels (+1%).


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