Malaysia May Inflation Rate at 4-Month High of 1.8%
Malaysia's consumer price inflation went up to 1.8 percent year-on-year in May of 2018 from 1.4 percent in the previous month and in line with market expectations. It is the highest inflation rate since January, as prices were higher mainly for housing and transport.
Year-on-year, prices rose at a faster pace for : housing, water, electricity, gas, and other fuels (2.1 percent from 2 percent in April); transport (3.8 percent from 0.4 percent), and education (1.2 percent from 1.1 percent).
Meanwhile, cost increased at a softer pace for food & non-alcoholic beverages (2.2 percent from 2.6 percent in April); recreation services & culture (0.5 percent from 0.6 percent); furnishings, household equipment & routine maintenance (1.5 percent from 1.8 percent); hotels (2.1 percent from 2.2 percent); health (1.9 percent from 2.1 percent), and alcoholic beverages & tobacco (0.1 percent from 0.2 percent).
At the same time, inflation was steady for: miscellaneous goods & services (at 0.4 percent). On the other hand, prices continued to fall for clothing and footwear (-0.7 percent from -0.8 percent) and communication (-0.9 percent from -0.7 percent).
Annual core inflation was steady at 1.5 percent in May, and remaining its the lowest figure on record.
On a monthly basis, consumer prices edged up 0.2 percent, after being flat in April.
6/20/2018 4:35:35 AM