Malaysia Inflation Rate at 3-1/2 Year Low of 0.2% in August



Malaysia's consumer price inflation eased to 0.2 percent year-on-year in August of 2018 from 0.9 percent in the previous month and below market expectations of 0.4 percent.It is the lowest inflation rate since February 2015, as inflation slowed for both food and transport while housing inflation was steady.

Year-on-year, prices rose at a softer pace for food & non-alcoholic beverages (0.4 percent from 0.7 percent); transport (2.1 percent from 6.7 percent); restaurants and hotels (0.7 percent from 1.0 percent) while housing, water, electricity, gas, and other fuels prices were steady (at 2.0 percent). Additionally, prices fell for: communication (-4.0 percent from -3.9 percent); alcoholic beverages & tobacco (-1.0 percent from -0.8 percent); recreation services & culture (-2.2 percent from -2.4 percent); clothing and footwear (-2.9 percent from -3.0 percent); furnishings, household equipment & routine maintenance (-1.7 percent, the same pace as in July) and miscellaneous goods & services (-3.0 percent, the same pace in July).  

On the other hand, cost advanced faster for education (1.1 percent from 1.0 percent) while prices of health were flat, the same as in July. 

Annual core consumer prices decreased 0.2 percent year-on-year in August, the same pace as July, and marking the second straight month of deflation.

On a monthly basis, consumer prices went up 0.2 percent, the same pace as in the prior month.


 
 

Malaysia Inflation Rate at 3-1/2 Year Low of 0.2% in August


Department of Statistics, Malaysia l Chusnul Ch Manan | chusnul@tradingeconomics.com
9/19/2018 10:22:47 AM