Malaysia April Inflation Rate Below Estimates

Malaysia's consumer price inflation stood at 0.2 percent year-on-year in April 2019, unchanged from the previous month but less than market consensus of 0.4 percent. Main upward pressure came from prices of food, housing & utilities and education. Transport cost continued to fall but at a softer pace.

Year-on-year, prices of food & non-alcoholic beverages rose by 1.1 percent in April, the same pace as in March. Among food, cost continued to rise for: fish & seafood (0.2 percent vs 0.1 percent in March); milk & eggs (1.9 percent vs 2 percent); and food away from home (3.1 percent vs 3.4 percent), with cost of vegetables (2.2 percent vs -2 percent) and fruits (0.1 percent vs -0.2 percent) rebounding, while prices falling further for rice, bread & other sereals (-0.2 percent vs -0.4 percent); meat (-3.6 percent vs -1.1 percent); oils & fats (-1 percent vs -0.8 percent); sugar, jam, honey (-2.2 percent vs -2.3 percent) and food products (-0.5 percent vs -0.5 percent).

Also, inflation was steady for housing, water, electricity, gas, & other fuels (at 2 percent), and continued to rise for education (1.2 percent vs 1.3 percent); alcoholic beverages & tobacco (1.2 percent vs 1.1 percent); restaurants and hotels (0.8 percent vs 1 percent) and furnishings, household equipment & routine maintenance (0.2 percent vs 0.3 percent). In contrast, cost fell for transport (-2.6 percent vs -3 percent); clothing and footwear (-3.2 percent vs -3 percent); miscellaneous goods & services (-2 percent, the same as in March); health (-0.3 percent vs -0.2 percent); recreation services & culture (-0.4 percent, the same pace as in March) and communication (-1.1, the same as in March percent).

Core consumer prices rose 0.5 percent year-on-year in April, the same as in March. It remained the highest figure since November last year.

On a monthly basis, consumer prices were flat in April, following a 0.2 percent gain in March.

Malaysia April Inflation Rate Below Estimates

Statistics Malaysia l Rida Husna |
5/24/2019 10:15:06 AM