Malaysia Inflation Rate at 4-Month Low in October


Consumer prices in Malaysia rose 2.5 percent year-on-year in October of 2015, slowing from 2.6 percent in September and slightly below market expectations. It is the lowest figure since June, as a further decline in cost of transport offset a faster increase in prices of food & non-alcoholic beverages while cost of housing & utilities remained steady.

Year-on-year, prices increased for: food & non-alcoholic beverages (+4.7 percent in October from +4.3 percent in September); alcoholic beverages & tobacco (+13.3 percent from +9.8 percent); furnishing, household equipment & routine maintenance (+3.8 percent from +3.7 percent); health (+4.7 percent from +4.6 percent); communication (+3.3 percent from +3.2 percent); recreation services & culture (+2.4 percent from +2.3 percent); restaurants & hotels (+4.7 percent from +4.6 percent) and miscellaneous goods & services (+5.8 percent from +5.6 percent). In contrast, cost declined for transport (-5.7 percent from -3.8 percent). Prices remained steady for: clothing & footwear (+0.7 percent); housing, water, electricity, gas & other fuels (+2.7 percent) and education (+2.5 percent). 

Among food & non-alcoholic beverages, customers had to pay more for: food (+4.7 percent in October from +4.4 percent in the preceding month); food at home (+4.9 percent from +4.4 percent); rice, bread & other cereals (+1.8 percent from +1.7 percent); meat (+2.4 percent from +0.9 percent); vegetables (+12.7 percent from +10.5 percent) and food products (+5.7 percent from +5.4 percent). While cost remained steady for fruits (+5.9 percent), prices slowed for: fish & seafood (+6.1 percent from +6.2 percent); milk & eggs (+4.1 percent from +4.3 percent); oils & fats (+0.8 percent from +0.9 percent); food away from home (+4.3 percent from +4.4 percent) and coffee, tea, cocoa & non-alcoholic beverages (+3.1 percent from +3.2 percent).

On a monthly basis, consumer prices rose 0.4 percent in October, following a 0.3 percent drop in the preceding month. Upward prices pressure were seen for: food & non-alcoholic beverages (+0.2 percent); housing, water, electricity, gas & other fuels (+0.2 percent); health (+0.2 percent); transport (+3.0 percent); education (+0.2 percent) and restaurants & hotels (+0.2 percent). In contrast, downward prices pressure were seen for clothing & footwear (-0.1 percent); furnishing, household equipment & routine maintenance (-0.1 percent) and miscellaneous goods & services (-0.1 percent). Prices remained unchanged for alcoholic beverages & tobacco; communication and recreation services & culture.

Considering the first ten months of 2015, consumer prices rose 2.0 percent.

Malaysia Inflation Rate at 4-Month Low in October


Statistics Malaysia l Rida Husna | rida@tradingeconomics.com
11/20/2015 4:59:26 AM