Malaysia Inflation Rate Up to 1.5% in February


In Malaysia, the inflation rate increased 1.5 percent year-over-year, and 0.2 percent month-over-month in February of 2013, mainly due to a rise in prices for food and non-alcoholic beverages.

The Consumer Price Index (CPI) for the period January to February 2013 increased by 1.4 percent to 106.0 compared with that of 104.5 in the same period last year. Compared with the same month in 2012, the CPI for February 2013 registered an increase of 1.5 percent from 104.5 to 106.1 and when compared with the previous month, the CPI increased by 0.2 percent.

The index for Food & Non-Alcoholic Beverages and Non-Food for the month of February 2013 showed increases of 3.3 and 0.7 per cent respectively as compared to the same month in 2012. For the period January to February 2013, the index for Food & Non-Alcoholic Beverages and Non-Food increased by 2.8 percent and 0.8 percent respectively. Compared with the previous month, the index for Food & Non-Alcoholic Beverages and Non-Food increased by 0.3 and 0.1 percent respectively. The 2.8 per cent increase in the index for Food & Non-Alcoholic Beverages was the result of increases for Food At Home (+ 2.8 percent); Food Away From Home (+ 2.6 percent) and Coffee, Tea, Cocoa & Non-Alcoholic Beverages (+ 1.9 percent). Among the subgroups of Food At Home which showed significant increases during this period were Sugar, Jam, Honey, Chocolate and Confectionery (+ 5.1 percent);  Meat (+ 4.1 percent); Vegetables (3.7 percent); Fish & Seafood (+ 3.5 percent); Fruits (+ 2.8 percent); Rice, Bread and Other Cereals (+ 1.8 percent) and Milk & Eggs (+ 1.8 percent).
 
For the period January - February 2013 / 2012, the 1.4 percent increase in the CPI was brought about by increases observed in the indices of all the main groups except those of Clothing & Footwear (- 0.8 percent ); Communication (- 0.7 percent) and Recreation Services & Culture (- 0.1 per cent). Notable increases among these main groups with high weights were Food & Non-Alcoholic Beverages (+ 2.8 percent); Housing, Water, Electricity, Gas & Other Fuels (+ 1.4 percent) and Transport (+ 0.4 percent). Other increases were Restaurants & Hotels (+ 2.1 per cent); Alcoholic Beverages & Tobacco; Health and Education by 2.0 percent respectively; Furnishings, Household Equipment & Routine Household Maintenance (+ 1.6 percent) and Miscellaneous Goods & Services (+ 1.4 percent). 
 
Compared with the previous month, the CPI for February 2013 increased by 0.2 per cent. Increases were for main groups Education (+ 0.8 percent); Restaurants & Hotels (+ 0.4 percent); Food & Non-Alcoholic Beverages; Housing, Water, Electricity, Gas & Other Fuels and Furnishings, Household Equipment & Routine Household Maintenance by 0.3 percent respectively; Health; Communication and Recreation Services & Culture by 0.1 percent respectively. On the other hand, decreases were for Clothing & Footwear (- 0.3 per cent) and Miscellaneous Goods & Services (- 0.2 per cent). The indices for Alcoholic Beverages & Tobacco and Transport remained unchanged at 106.7 and 105.3 respectively. Among the food items which recorded notable increases in February 2013 compared with the previous month were Tomatoes (+ 11.4 percent); Carrots (+ 5.0 percent); Long Beans (+ 4.8 percent); Cucumber (+ 4.6 percent); Round Scad (Fish) (+ 4.1 percent); Prawn (+ 3.0 percent); Indian Mackerel (Fish) (+ 2.4 percent); Cuttlefish (+ 2.3 percent); Black Pomfret (Fish) (+ 2.2 percent) and Longtail Tuna (Fish) (+ 2.2 percent). 
 
 

Department of Statistics, Malaysia | Joana Taborda | joana.taborda@tradingeconomics.com
3/20/2013 9:32:29 AM