Malaysia Inflation Rate at 3-Month High of 3.7% in August
Consumer prices in Malaysia rose 3.7 percent from a year earlier in August of 2017, compared to a 3.2 percent rise in the prior month. It was the highest inflation rate since May, as cost went up more for food & non-alcoholic beverages, transport, and housing.
Year-on-year, prices increased at a faster pace for: food & non-alcoholic beverages (4.3 percent from 4.2 percent in July), transport (11.7 percent from 7.7 percent), housing and utilities (2.4 percent from 2.2 percent), restaurants and hotels (2.8 percent from 2.6 percent), furnishings, household equipment & routine maintenance (2.7 percent from 2.6 percent). Cost went up less than in a month earlier for: recreation services & culture (0.4 percent from 2.6 percent), miscellaneous goods & services (0.9 percent from 1.1 percent), and health (2.7 percent from 2.9 percent). In contrast, cost fell for: clothing & footwear (-0.3 percent from -0.4 percent) and communication (-0.3 percent, the same pace as in July). Inflation was steady for: alcoholic beverages & tobacco (0.1 percent), education (1.6 percent).
Core consumer prices went up 2.4 percent year-on-year, slightly slower than a 2.6 percent gain in the prior month.
On a monthly basis, consumer prices increased by 0.9 percent in August, the first increase in consumer prices in 6 months, as cost of transport rebounded (4.6 percent from -1.1 percent) while cost food and non-alcoholic beverages rose more (0.4 percent from 0.2 percent), and housing and utilities increased by 0.6 percent, after being flat in July.
9/20/2017 9:42:10 AM