In February 2024, the overall Consumer Price Index (CPI) has decreased by 0.5 per cent year-on-year, from 106.8 in February 2023 to 106.2. The Food and Non-Alcoholic Beverages index registered an increase of 1.3 per cent while the Non-Food index decreased by 1.0 per cent. Meanwhile, the Goods index decreased by 1.0 per cent and the Services index increased by 0.1 per cent.
Compared to January 2024, the CPI has decreased by 0.1 per cent on a month-on-month basis. Both Food and Non-Alcoholic Beverages index and Non-Food index recorded a decreased by 0.2 per cent and 0.1 per cent repectively.
Periodically, the CPI for January to February 2024 recorded a decrease of 0.2 per cent compared to the same period in 2023.
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