Malaysia Annual Inflation Rate Up to 1.6% in March


In Malaysia, the annual inflation rate increased to 1.6 percent in March of 2013, from 1.5 percent recorded in February, as a result of higher prices for food, health, education and hotels.

Compared with the same month in 2012, the Consumer Price Index (CPI) for March 2013 registered an increase of 1.6 per cent from 104.5 to 106.2. The index for Food & Non-Alcoholic Beverages and Non-Food for the month of March 2013 showed increases of 3.3 and 1.0 per cent respectively as compared to the same month in 2012. Increases were for main groups Food & Non-Alcoholic Beverages ( + 3.3 per cent ); Restaurants & Hotels ( + 2.3 per cent ); Education ( + 2.2 per cent ); Alcoholic Beverages & Tobacco (+2.0 per cent); Health ( + 1.9 per cent ); Furnishings, Household Equipment & Routine Household Maintenance ( + 1.7 per cent ); Housing, Water, Electricity, Gas & Other Fuels ( + 1.3 per cen ); Miscellaneous Goods & Services ( + 1.2 per cent ) and Transport ( + 1.0 per cent ). Decreases were for Communication ( -0.7 per cent) and Clothing & Footwear ( - 0.5 per cent ). The index for Recreation Services & Culture remained unchanged. 

The Consumer Price Index (CPI) for the period January to March 2013 increased by 1.5 per cent to 106.1 compared with that of 104.5 in the same period last year. The 1.5 per cent increase in the CPI was brought about by increases observed in the indices of all the main groups except those of Communication ( - 0.8 per cent ); Clothing & Footwear ( - 0.7 per cent ) and Recreation Services & Culture ( - 0.1 per cent ). Notable increases among these main groups with high weights were Food & Non-Alcoholic Beverages ( + 2.9 per cent ); Housing, Water, Electricity, Gas & Other Fuels ( + 1.3 per cent ) and Transport ( + 0.6 per cent ). Other increases were Restaurants & Hotels ( + 2.2 per cent ); Education ( + 2.1 per cent ); Alcoholic Beverages & Tobacco ( + 2.0 per cent); Health ( + 1.9 per cent ); Furnishings, Household Equipment & Routine Household Maintenance ( + 1.6 per cent ) and Miscellaneous Goods & Services ( + 1.3 per cent ). 
 
The 2.9 per cent increase in the index for Food & Non-Alcoholic Beverages was the result of increases for Food At Home ( + 3.1 per cent ); Food Away From Home ( + 2.7 per cent ) and Coffee, Tea, Cocoa & Non-Alcoholic Beverages ( + 1.7 per cent ).
 
Compared with the previous month, the CPI for March 2013 increased by 0.1 per cent. Increases were for main groups Transport ( + 0.6 per cent ); Furnishings, Household Equipment & Routine Household Maintenance and Restaurants & Hotels by 0.4 per cent respectively; Clothing & Footwear ( + 0.3 per cent ); Health and Education by 0.1 per cent respectively. On the other hand, decreases were for Communication and Miscellaneous Goods & Services by 0.1 per cent respectively. The indices for Food & Non-Alcoholic Beverages; Alcoholic Beverages & Tobacco; Housing, Water, Electricity, Gas & Other Fuels and Recreation Services & Culture remained unchanged at 110.2; 106.7; 104.3 and 103.2 respectively. 
 
The index for Food & Non-Alcoholic Beverages in March 2013 compared with that of the previous month remained unchanged at 110.2. However, the index for Food Away From Home and Coffee, Tea, Cocoa & Non-Alcoholic Beverages increased by 0.4 and 0.1 per cent respectively while the index for Food At Home decreased by 0.2 per cent. 

 

 


Department of Statistics, Malaysia | Joana Taborda | joana.taborda@tradingeconomics.com
4/17/2013 10:44:32 AM