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Index Number

Consumer's consumption for the year 2017-2021 of Semenanjung Malaysia

Group Members: Aleesa Sofea, Nurmaisara, Farish Rafael, Zikryl Hakim (3K1)

Meaning

What is the meaning of the base year? What is the price index for the base year?

The base year in the calculation of index defined as the year's value that has been compared from other years. The price index for the base year in this work that has been given is 100. For example, if a company raises about RM 5000 to RM 6000. From here we can see that the value has increased around 20%, where we can assume that RM 5000 is the base year.

ConsumerPrice Indices

Table: The Consumer Price Index

How many percent increase in consumer price index for year 2021 as compared to the year 2020?

Percentage

Identify which group contributes significantly to the increase or decrease in consumer price index:

It is transportation

Inflation Rate

Inflation Rate

Table

Table: Inflation Rate from 2018 to 2021

Bar Charts

Bar Charts

1

2018

1

2

1

2019

1

2

1

2020

1

2

1

2021

1

2

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