Malaysia Inflation Rate Highest In Over 8 Years
Consumer prices in Malaysia rose 5.1 percent year-on-year in March of 2017, compared to a 4.5 percent increase in February and below markets expectations of a 5.3 percent rise. It was the highest inflation rate since November 2008, as prices of food and non-alcoholic beverages and housing and utilities increased further while cost of transport surged.
Year-on-year, upward prices pressure came from: food & non-alcoholic beverages (4.1 percent from 4.3 percent in February); alcoholic beverages & tobacco (0.2 percent from 0.2 percent); housing, water, electricity, gas & other fuels (2.1 percent from 2.2 percent); furnishing, household equipment and routine maintenance (1.5 percent from 1.5 percent), health (2.6 percent from 2.4 percent), transport (23.0 percent from 17.9 percent), recreation services & culture (3.0 percent from 3.1 percent), education (1.7 percent from 1.7 percent), restaurants & hotels (2.3 percent from 2.3 percent) and miscellaneous goods & services (1.3 percent from 1.4 percent). In contrast, downward prices pressure came from: clothing and footwear (-0.2 percent from -0.2 percent) and communication (-0.2 percent from -0.3 percent).
Among food & non-alcoholic beverages, customers had to pay more for most categories: food (4.3 percent from 4.5 percent); food at home (4.1 percent from 4.8 percent); rice, bread & other cereals (0.7 percent from 0.8 percent); meat (3.7 percent from 4.6 percent); fish & seafood (5.2 percent from 4.5 percent); oils & fats (38.8 percent from 38.3 percent), fruits (3.7 percent from 3.4 percent); vegetables (4.8 percent from 9.5 percent); sugar, jam, honey, chocolate & confectionary (1.5 percent from 0.4 percent); food products (5.0 percent from 5.3 percent), food away from home (4.4 percent from 4.1 percent). Meanwhile, prices of coffee, tea, cocoa & non-alcoholic beverages fell 0.4 percent (from -0.2 percent), and milk & eggs (-0.4 percent from 0.2 percent).
Core consumer prices went up 2.5 percent year-on-year, the same as in the prior month.
On a monthly basis, consumer prices decreased by 0.1 percent in March, following a 1.3 percent rise in a month earlier and marking the first drop since September 2016. Prices fell for: food & non-alcoholic beverages & tobacco ( -0.3 percent); clothing and footwear (-0.1 percent); transport (-0.3 percent), recreation services & culture (-0.2 percent).In contrast, cost went up for furnishings, household equipment and routine maintenance ( 0.1 percent), health (0.2 percent), restaurants & hotels ( 0.2 percent) and miscellaneous goods and services (0.1 percent), communication (0.1 percent) and education (0.1 percent), and alcoholic beverages & tobacco (0.1 percent). Cost was flat for housing, water, electricity, gas & other fuels.
4/19/2017 5:06:12 AM