Consumer prices in Malaysia rose 3.9 percent year-on-year in May of 2017, compared to a 4.4 percent increase in April and slightly below market expectations of a 4 percent increase. It was the lowest inflation rate since January 2017, mainly due to a slowdown in the cost of transport.
Year-on-year, prices rose at a slower pace for transport (13.1 percent from 16.7 percent); recreation services & culture (2.9 percent from 3 percent); restaurants & hotels (2.3 percent from 2.4 percent); and miscellaneous goods & services (1.3 percent from 1.5 percent).
Meanwhile, inflation was steady for alcoholic beverages & tobacco (0.2 percent); housing, water, electricity, gas & other fuels (2.2 percent); and education (1.7 percent). Also, cost fell further for clothing & footwear (-0.2 percent from -0.1 percent).
In contrast, prices accelerated for food and non-alcoholic beverages (4.4 percent from 4.1 percent); furnishings, household equipment & routine household maintenance (2.1 percent from 1.9 percent) and health (2.9 percent from 2.8 percent).
Among food & non-alcoholic beverages, customers had to pay more for most categories: food at home (4.3 percent from 4 percent in April); rmeat (5.1 percent from 4.2 percent); fish & seafood (7.7 percent from 6.2 percent); fruits (3.3 percent from 2.4 percent); sugar, jam, honey, chocolate & confectionary (1.6 percent from 1.5 percent). Meanwhile, prices of milk & eggs fell 0.6 percent (from -1.1 percent) and those of coffee, tea, cocoa & non-alcoholic beverages declined 0.6 percent (from -0.4 percent).
Core consumer prices went up 2.6 percent year-on-year, after a 2.3 percent increase in the prior month.
On a monthly basis, consumer prices declined by 0.2 percent in May, following a 0.3 percent fall in a month earlier and marking the third straight month of decline. Prices fell for: clothing & footwear (-0.2 percent); and transport (-3.2 percent). In contrast, costs went up for food & non-alcoholic beverages (0.5 percent); alcoholic beverages & tobacco (0.1 percent); housing, water, electricity, gas & other fuels (0.5 percent); furnishings, household equipment & routine household maintenance (0.3 percent); health (0.2 percent); and restaurants & hotels (0.2 percent). Cost was unchanged for communication, recreation services & culture, education and miscellaneous goods & services.
6/21/2017 8:26:58 AM