Malaysia Inflation Rate at 4-Month Low of 3.4% in November


Consumer prices in Malaysia rose 3.4 percent from a year earlier in November of 2017, slowing from a 3.7 percent rise in the prior month and matching market consensus. It was the lowest inflation rate since July, due to a slowdown in cost of food & non-alcoholic beverages, transport and housing & utilities.

Year-on-year, prices increased less for: food & non-alcoholic beverages (4.0 percent from 4.4 percent in October); housing, water, electricity, gas & other fuels (2.2 percent from 2.4 percent); furnishings, household equipment & routine maintenance (2.5 percent from 2.6 percent); health (2.2 percent from 2.4 percent) and transport (10.8 percent from 12.1 percent); education (1.5 percent from 1.6 percent) and miscellaneous goods & services (0.7 percent from 1.2 percent). Cost rose at a faster pace for: alcoholic beverages & tobacco (0.2 percent from 0.1 percent);  recreation services & culture (0.6 percent from 0.4 percent) and restaurants and hotels (2.8 percent from 2.7 percent). On the other hand, cost continued to fall for: clothing and footwear (-0.5 percent from -0.4 percent) and communication (-0.5 percent from -0.4 percent).

Annual core inflation edged down to 2.2 percent from 2.3 percent in October. It was the lowest figure since December 2016.

On a monthly basis, consumer prices went up 0.7 percent, after a 0.2 percent drop in a month earlier and marking the highest level since August. Cost increased for: food & non-alcoholic beverages (0.1 percent); alcoholic beverages & tobacco (0.1 percent); housing, water, electricity, gas & other fuels; transport (3.3 percent); communication (-0.2 percent);  health (0.1 percent); recreation services & culture (0.1 percent) and restaurants and hotels (0.2 percent). Meantime, cost was flat for: furnishing, household equipment & routine household maintenance and education. On the other hand, cost declined for clothing and footwear (-0.1 percent).

Malaysia Inflation Rate at 4-Month Low of 3.4% in November


Statistics Malaysia l Rida Husna | rida@tradingeconomics.com
12/20/2017 4:33:16 AM