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Trend behaviour of Malaysia Consumer Price Index: evidence from national database (2003-2022)

The Consumer Price Index (CPI) is a general indicator used to measure price changes over time. The Malaysia CPI is published using a base year of 2010. This study aimed to identify the significant trend behavior in the Malaysia CPI series for the period 2003–2022. The main question of the paper is w...

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Main Authors: Nurulkamal Masseran,, Nazihah Ruzelan,, Nur-Firyal, R.,
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2024
Online Access:http://journalarticle.ukm.my/23928/1/SE%2017.pdf
http://journalarticle.ukm.my/23928/
https://www.ukm.my/jsm/english_journals/vol53num4_2024/contentsVol53num4_2024.html
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spelling my-ukm.journal.239282024-08-06T03:12:57Z http://journalarticle.ukm.my/23928/ Trend behaviour of Malaysia Consumer Price Index: evidence from national database (2003-2022) Nurulkamal Masseran, Nazihah Ruzelan, Nur-Firyal, R., The Consumer Price Index (CPI) is a general indicator used to measure price changes over time. The Malaysia CPI is published using a base year of 2010. This study aimed to identify the significant trend behavior in the Malaysia CPI series for the period 2003–2022. The main question of the paper is whether there exists any difference in trends between the main and overall CPI variables? If so, is the difference significant? If so, how strong or weak is the magnitude of its trend? This is analyzed empirically through five statistical analysis methods involving the serial correlation analysis, Mann–Kendall test, Mann–Kendall sequential test, Sen’s-T test, and Sen’s estimator. Overall, we conclude that there is a significant upward trend for 11 of the 13 variables, while two variables, which are Transportation and Communication, showed no significant monotonic trend. The results of this study provide insight into a better understanding of the behavioral trends of the CPI in Malaysia. This study can help policymakers to understand the importance of increasing expenditure into certain sectors in order to have better production and with this implementation, the trend of inflation rate can be better understood. Penerbit Universiti Kebangsaan Malaysia 2024 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/23928/1/SE%2017.pdf Nurulkamal Masseran, and Nazihah Ruzelan, and Nur-Firyal, R., (2024) Trend behaviour of Malaysia Consumer Price Index: evidence from national database (2003-2022). Sains Malaysiana, 53 (4). pp. 953-967. ISSN 0126-6039 https://www.ukm.my/jsm/english_journals/vol53num4_2024/contentsVol53num4_2024.html
institution Universiti Kebangsaan Malaysia
building Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description The Consumer Price Index (CPI) is a general indicator used to measure price changes over time. The Malaysia CPI is published using a base year of 2010. This study aimed to identify the significant trend behavior in the Malaysia CPI series for the period 2003–2022. The main question of the paper is whether there exists any difference in trends between the main and overall CPI variables? If so, is the difference significant? If so, how strong or weak is the magnitude of its trend? This is analyzed empirically through five statistical analysis methods involving the serial correlation analysis, Mann–Kendall test, Mann–Kendall sequential test, Sen’s-T test, and Sen’s estimator. Overall, we conclude that there is a significant upward trend for 11 of the 13 variables, while two variables, which are Transportation and Communication, showed no significant monotonic trend. The results of this study provide insight into a better understanding of the behavioral trends of the CPI in Malaysia. This study can help policymakers to understand the importance of increasing expenditure into certain sectors in order to have better production and with this implementation, the trend of inflation rate can be better understood.
format Article
author Nurulkamal Masseran,
Nazihah Ruzelan,
Nur-Firyal, R.,
spellingShingle Nurulkamal Masseran,
Nazihah Ruzelan,
Nur-Firyal, R.,
Trend behaviour of Malaysia Consumer Price Index: evidence from national database (2003-2022)
author_facet Nurulkamal Masseran,
Nazihah Ruzelan,
Nur-Firyal, R.,
author_sort Nurulkamal Masseran,
title Trend behaviour of Malaysia Consumer Price Index: evidence from national database (2003-2022)
title_short Trend behaviour of Malaysia Consumer Price Index: evidence from national database (2003-2022)
title_full Trend behaviour of Malaysia Consumer Price Index: evidence from national database (2003-2022)
title_fullStr Trend behaviour of Malaysia Consumer Price Index: evidence from national database (2003-2022)
title_full_unstemmed Trend behaviour of Malaysia Consumer Price Index: evidence from national database (2003-2022)
title_sort trend behaviour of malaysia consumer price index: evidence from national database (2003-2022)
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2024
url http://journalarticle.ukm.my/23928/1/SE%2017.pdf
http://journalarticle.ukm.my/23928/
https://www.ukm.my/jsm/english_journals/vol53num4_2024/contentsVol53num4_2024.html
_version_ 1806689625252560896
score 13.211869

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