Malaysia Inflation Rate Edges Up to 3.5% in December


Consumer prices in Malaysia went up 3.5 percent from a year earlier in December of 2017, following a 3.4 percent rise in the prior month and matching market consensus. Cost of food & non-alcoholic beverages and transport rose faster while inflation was steady for housing & utilities.

Year-on-year, prices increased more for: food & non-alcoholic beverages (4.1 percent from 4 percent in November); transport (11.5 percent from 10.8 percent); health (2.3 percent from 2.2 percent), and education (1.7 percent from 1.5 percent).
 
Cost rose at a slower pace for: furnishings, household equipment & routine maintenance (2.4 percent from 2.5 percent); recreation services & culture (0.5 percent from 0.6 percent), and restaurants and hotels (2.6 percent from 2.8 percent).
 
Inflation was steady for: housing, water, electricity, gas & other fuels (2.2 percent); furnishings, and miscellaneous goods & services (0.7 percent), and alcoholic beverages & tobacco (0.2 percent). On the other hand, cost continued to fall for both clothing and footwear (-0.5 percent from -0.5 percent) and communication (-0.5 percent from -0.5 percent).
 
Annual core inflation increased 2.2 percent, the same pace as in November. It remained the lowest figure since December 2016.
 
On a monthly basis, consumer prices edged up 0.1 percent, after a 0.7 percent rise in a month earlier. Cost increased for: food & non-alcoholic beverages (0.7 percent); health (0.2 percent); restaurants and hotels (0.1 percent), and education (0.2 percent). Meantime, cost was flat for: furnishing, household equipment & routine household maintenance; housing, water, electricity, gas & other fuels; transport; communication, and  recreation services & culture. On the other hand, cost declined for both clothing and footwear (-0.1 percent) and alcoholic beverages & tobacco (-0.1 percent).
 
 

Malaysia Inflation Rate Edges Up to 3.5% in December


Department of Statistics, Malaysia l Chusnul Ch Manan| chusnul@tradingeconomics.com
1/24/2018 5:06:05 AM