The implication of economic determinants on consumer price index (CPI) in Malaysia: case study within the period of pandemic / Nur Fatin Allya Abdul Halim

Malaysia's CPI measures the percentage change through time in the cost of purchasing a constant "basket" of goods and services representing the average pattern of purchases made by a particular population group in a specified time period. The rise in poverty will not be due to inflation but due to unemployment and underemployment, which together affect 3.1 million people or 19.4% of the workforce, according to the latest Department of Statistics Malaysia (DOSM) figures. Despite these limitations, the CPI is still the most widely used measurement of the general price level. This is because it is used for indexation purposes for many wage and salary earners, including government employees (Aminu and Anono, 2()12). The CPI for 2()21 and 2()2() would normally be based on spending taking place in 2020. This likely be highly unrepresentative of spending in coming years, so the problems with interpreting the CPI will extend beyond 2020. importantly, however, there are additional problems in interpreting the CPI as a measure of how the cost of living is changing, even setting these measurement issues aside. rlhe study determined at the relationship between macroeconomic variables and the consumer price index in Malaysia from the October of 2019 to the June of 2021. The main purpose is to look whether the independent variables such as Interest Rates, Unemployment Rates and Export Goods and Services are significantly affected the dependent variable which is Consumer Prices Index where it will answer the research question of what the relationship between all the independent variables and the dependent variable are. Furthermore, there are numerous methods for gathering material for the study, including the internet and journals from prior researchers. All macroeconomic variables are key predictors of Malaysia's consumer price index, according to the paper's empirical findings. The results show that the consumer price index has a significant relationship with the majority of macroeconomic variables. Overall, the study provides new information for future researchers as well as advice on the factors that influence the consumer price index in Malaysia.