Malaysia Inflation Rate Accelerates in November


In November of 2013, Malaysian annual inflation rate rose for the third month in a row to 2.9 percent, still reflecting higher petrol cost after the government cut fuel subsidies in September. On a monthly basis, prices slowed for the second straight month to 0.3 percent, after rising to 0.8 percent in September.

Prices of alcoholic beverages and tobacco recorded again the highest annual increase (14.2 percent), followed by transport prices (4.9 percent, unchanged from October’s figure) and cost of non-durable goods (4.6 percent). Food prices slightly rose 3.9 percent from 3.7 percent in the previous month and cost of housing, water, electricity and other fuels accelerated to 2.3 percent from 1.8 percent in October. Downward pressures came from prices of durable goods (down 2.3 percent), communication (-0.6 percent) and clothing and footwear (down by 0.3 percent).

On a monthly basis, increases were for main groups housing, water, electricity, gas and other fuels (+ 0.7 percent); recreation and culture and restaurants and hotels (+0.6 percent respectively); health and education (+0.3 per cent respectively); furnishings and food (+0.2 percent respectively); clothing and footwear and transport (0.1 percent respectively). On the other hand, Communication prices decreased by 0.1 percent and cost of alcoholic beverages and tobacco and miscellaneous goods and services remained unchanged.

Malaysia Inflation Rate Accelerates in November


Joana Taborda | joana.taborda@tradingeconomics.com
12/18/2013 9:51:22 AM