Malaysia Inflation Rate at 5-Month High of 4.3% in September
Consumer prices in Malaysia increased 4.3 percent from a year earlier in September of 2017, compared to a 3.7 percent rise in the prior month, and in line with market expectations. It was the highest inflation rate since April, due to faster rises in cost of food & non-alcoholic beverages and transport while cost of housing increased further.
Year-on-year, prices went up at a faster pace for: food & non-alcoholic beverages (4.6 percent from 4.3 percent in August); transport (15.8 percent from 11.7 percent); furnishings, household equipment & routine maintenance (2.8 percent from 2.7 percent); miscellaneous goods & services (1.1 percent from 0.9 percent). Cost rose less than in a month earlier for both restaurants and hotels (2.6 percent from 2.8 percent) and health (2.5 percent from 2.7 percent).In contrast, cost fell for both clothing & footwear (-0.3 percent from -0.3 percent) and communication (-0.3 percent from -0.3 percent). Inflation was steady for: housing and utilities (2.4 percent); recreation services & culture (0.4 percent); alcoholic beverages & tobacco (0.1 percent), and education (1.6 percent).
Core consumer prices increased 2.4 percent year-on-year, the same pace as in the prior month.
On a monthly basis, consumer prices went up by 0.3 percent in September. easing from a 0.9 percent rise in the previous month. It was the second straight month increase in consumer prices, as cost of transport went up further (2.0 percent from 4.6 percent). Meantime, prices were flat for both food and non-alcoholic beverages (from 0.4 percent) and housing and utilities (from 0.6 percent).
10/20/2017 6:18:57 AM