Malaysia Inflation Rate at 12-Month Low


Consumer prices in Malaysia rose 2.1 percent year-on-year in April of 2016, slowing from a 2.6 percent increase in March and slightly below market estimates of a 2.2 percent rise. It is the lowest inflation figure since May 2015 as prices moderated for most categories while cost of clothing & footwear, transport and communication fell.

Year-on-year, prices rose at a slower pace for food & non-alcoholic beverages (+4.2 percent in April from +5.0 percent in March), followed by alcoholic beverages & tobacco (+20.1 percent from +22.7 percent); housing, water, electricity, gas & other fuels (+2.6 percent from +3.1 percent); furnishing, household equipment & routine maintenance (+2.6 percent from +4.7 percent); health (+2.2 percent from +4.2 percent); recration services & culture (+1.6 percent from +2.6 percent), education (+2.1 percent from +2.6 percent);  restaurants & hotels (+2.7 percent from +4.5 percent) and miscellaneous goods & services (+2.6 percent from +5.1 percent). In contrast, cost declined for clothing & footwear (-0.7 percent after remaining unchanged in March), transport (-5.5 percent from -8.2 percent) and communication (-2.1 percent from +0.9 percent). 

Among food & non-alcoholic beverages, customers had to pay more for: food (+4.4 percent in April from +5.1 percent in March); food at home (+4.6 percent from +5.1 percent); rice, bread & other cereals (+0.9 percent from +1.8 percent); meat (+0.5 percent from +1.8 percent); fish & seafood (+8.4 percent from +9.3 percent); milk & eggs (+0.1 percent from +0.8 percent), oils & fats (+0.4 percent from +1.0 percent), fruits (+7.3 percent from +6.2 percent); vegetables (+12.5 percent from +11.6 percent); sugar, jam, honey, chocolate & confectionary (+2.1 percent from +3.5 percent); food products (+4.9 percent from +6.7 percent) and food away from home (+3.9 percent from +4.8 percent) and coffee, tea, cocoa & non-alcoholic beverages (+1.0 percent from +3.3 percent). 

Core consumer priced rose by 2.3 percent year-on-year in April, slowing from 3.6 percent in the preceding month.

On a monthly basis, consumer prices rose 0.4 percent, after declining 0.6 percent in March. It is the highest inflation figure since December as upward prices pressure came from: clothing & footwear (+0.1 percent); furnishing, household equipment & routine maintenance (+0.1 percent), transport (+3.3 percent), education (+0.1 percent) and restaurants & hotels (+0.1 percent). In contrast, downward prices pressure was seen for: housing, water, electricity, gas & other fuels (-0.1 percent) and health (-0.1 percent). Prices remained unchanged for: food & non-alcoholic beverages, alcoholic beverages & tobacco, communication, recreation services & culture and miscellaneous goods & services.

Malaysia Inflation Rate at 12-Month Low


Statistics Malaysia l Rida | rida@tradingeconomics.com
5/20/2016 5:41:47 AM