Malaysia Inflation Lowest Since November 2009


Consumer prices in Malaysia increased only 0.1 percent in February, much lower than market expectations, as cost of transport and communication decreased and prices of food & non-alcoholic beverages grew slower.

Year-on-year, price decreases were reported for transport (-11.8 percent in February from -6.0 percent in January) and communication (-0.9 percent from -1.0 percent). Cost of clothing and footwear also declined by 0.6 percent, following a 0.1 percent drop in the previous month.

Prices moderated for food & non-alcoholic beverages (+2.7 percent from +2.8 percent); furnishing, household equipment & routine maintenance (+0.1 percent from +0.5 percent) and restaurant and hotels (+2.9 percent from +3.4 percent). Meanwhile, cost increased for: housing, water, electricity, gas & other fuels (+2.4 percent from +2.1 percent); health (+3.4 percent from 3.2 percent); recreation services & culture (+0.8 percent from +0.5 percent) and education (+2.2 percent from +2.1 percent). Cost of alcoholic beverages & tobacco remained unchanged at 10.6 percent.

Among food & non-alcoholic beverages, customers had to pay more for: milk & eggs (+6.6 percent  from +6.5 percent), fish & seafood (+3.8 percent from +2.5 percent); oils & fats (+0.2 percent from +0.1 percent) and fruits (+3.1 percent from +2.6 percent). In contrast, prices declined for meat (-0.8 percent from -0.4 percent). Prices slowed for food at home (+2.4 percent from +2.5 percent); vegetables (+3.4 percent from +7.8 percent); sugar, jam, honey, chocolate & confectionery (+0.8 percent from +0.9 percent); food products (+2.4 percent from +2.6 percent) and coffee, tea & non-alcoholic beverages (+0.4 percent from +0.6 percent). Cost of food away from home remained steady from the preceding month at 3.5 percent.

On a monthly basis, consumer prices declined by 0.6 percent, following a  1.1 percent drop in January Price decreases were reported for: transport (-6.0 percent); clothing & footwear (-0.4 percent); food and non-alcoholic beverages (-0.2 percent) and furnishing, household equipment & routine maintenance (-0.2 percent). In contrast, prices increased for: housing, water, electricity, gas & other fuels (+0.9 percent); education (+0.5 percent); miscellaneous goods & services (+0.5 percent); health (+0.4 percent); recreation services & culture (+0.4 percent) and restaurant & hotel (+0.2 percent). Cost remained unchanged for alcoholic beverages & tobacco and communication (0.0 percent respectively). 

Malaysia Inflation Lowest Since November 2009


Statistics Malaysia l Rida Husna l rida@tradingeconomics.com
3/20/2015 4:01:04 PM