Malaysia Inflation Rate at 6-Month High of 1.8% in November


Consumer prices in Malaysia rose 1.8 percent year-on-year in November of 2016, compared to a 1.4 percent increase in October and above market estimates of a 1.6 percent rise. It was the highest inflation rate since May, mainly due to a faster increase in prices of food and non alcoholic beverages while cost of transport fell less than in a month earlier and inflation for housing & utilities were steady.

Year-on-year, upward prices pressure came from: food & non-alcoholic beverages (+3.8 percent from +2.5 percent in October), alcoholic beverages & tobacco (+1.9 percent from +19.8 percent); housing, water, electricity, gas & other fuels (2.1 percent from +2.1 percent); furnishing, household equipment and routine maintenance (+1.4 percent from +1.5 percent), health (+2.5 percent from +2.3 percent), recreation services & culture (+3.2 percent from +3.5 percent), education (+1.9 percent from +2.0 percent), restaurants & hotels (+1.9 percent from +2.0 percent) and miscellaneous goods & services (+1.8 percent from +1.5 percent). In contrast, downward prices pressure came from: clothing and footwear (-0.5 percent from -0.5 percent), transport (-1.5 percent from -5.5 percent) and communication (-2.7 percent from -2.6 percent).

Among food & non-alcoholic beverages, customers had to pay more for all categories: food (+4.0 percent from +2.6 percent); food at home (+4.2 percent from +2.2 percent); rice, bread & other cereals (+0.9 percent from +1.0 percent); meat (+6.0 percent from +2.4 percent); fish & seafood (+4.5 percent from +5.0 percent); milk & eggs (+1.1 percent from +0.2 percent), oils & fats (+36.6 percent from +0.3 percent), fruits (+2.7 percent from +3.1 percent); vegetables (+3.6 percent from -1.1 percent); sugar, jam, honey, chocolate & confectionary (+1.9 percent from +2.0 percent); food products (+5.8 percent from +5.8 percent), food away from home (+3.4 percent from +3.3 percent) and coffee, tea, cocoa & non-alcoholic beverages (+0.1 percent from +0.3 percent). 

Core consumer prices rose 2.2 percent year-on-year in November, compared to a 2.0 percent gain in October. It was the highest level since August.

On a monthly basis, consumer prices rose 1.0 percent, after a 0.3 percent gain in a month earlier. It was the highest figure since July 2008, as prices went up for: food & non-alcoholic beverages & tobacco (+1.0 percent); housing, water, electricity, gas & other fuels (+0.5 percent); furnishings, household equipment and routine maintenance (+0.1 percent), health (+0.3 percent), transport (+4.5 percent), education (+0.1 percent), restaurants & hotels (+0.1 percent) and miscellaneous goods & services (+0.5 percent). In contrast, cost declined for: communication (-0.1 percent) and recreation & culture (-0.2 percent). Prices remained unchanged for: alcoholic beverages & tobacco and clothing and footwear.

Malaysia Inflation Rate at 6-Month High of 1.8% in November


Statistics Malaysia l Rida Husna | rida@tradingeconomics.com
12/21/2016 5:00:47 AM