Malaysia Inflation Lowest Since December 2009


Annual inflation rate in Malaysia slowed to 1 percent in January of 2015, from a 2.7 percent in the previous month as cost of transport and communication declined and rise in prices of housing and utilities and food and non-alcoholic beverages moderated.

Year-on-year, price decreases were reported for transport (-6.0 percent in January from +4.9 percent in December), communication (-1.0 percent from -0.7 percent) and clothing and footwear (-0.1 percent from -0.2 percent).

Prices moderated for housing, water, electricity, gas & other fuels (+2.1 percent from +3.4 percent); furnishing, household equipment & routine maintenance (+0.5 percent from +1.0 percent); recreation services & culture (+0.5 percent from +1.5 percent); education (+2.1 percent from +2.4 percent) and restaurant and hotels (+3.4 percent from +4.7 percent). Meanwhile, cost of health speed up to 3.2 percent from 2.9 percent in the previous month.
 
Prices of food and non-alcoholic beverages rose by 2.8 percent in January, as compared to a 2.4 percent rise in December. Among this group, customers had to pay more for vegetables (+7.8 percent in January  from +2.3 percent in the preceding month) and milk & eggs (+6.5 percent  from +3.9 percent). In contrast, prices declined for meat (-0.4 percent from +3.5 percent). Prices slowed for food at home (+2.5 percent from +3.1 percent); food away from home (+3.5 percent from +4.0 percent); rice, bread & other cereals (+1.0 percent from +1.1 percent); fish & seafood (+2.5 percent from +4.8 percent); fruits (+2.5 percent from +3.3 percent); sugar, jam & honey (+0.9 percent from 6.7 percent) and coffea, tea, cocoa & non-alcoholic beverages (+0.6 percent from +0.9 percent). Prices of alcoholic beverages & tobacco grew 10.6 percent, the same as in the previous month.
 
On a monthly basis, consumer prices declined by 1.1 percent, following a  0.1 percent increase in the preceding month. Price decreases were reported for: transport (-9.4 percent); housing, water, electricity, gas & other fuels (-0.5 percent) and communication (-0.1 percent). In contrast, prices increased for food & non-alcoholic beverages (+1.2 percent); education (+0.7 percent); cloting and footwear (+0.6 percent); furnishing, household equipment and routine maintenance (+0.4 percent), recreation services & culture (+0.4 percent); miscellaneous goods & services (+0.4 percent), health (+0.3 percent); restaurants & hotels (+0.3 percent) and alcoholic beverages & tobacco (+0.1 percent).
 

Malaysia Inflation Lowest Since December 2009


Statistics Malaysia l Rida Husna l rida@tradingeconomics.com
2/18/2015 3:22:39 PM