Malaysia Consumer Prices at 22-Month High


Consumer prices in Malaysia rose 3.5 percent year-on-year in January of 2016, as compared to a 2.7 percent increase in December 2015 but below market consensus of a 3.7 percent rise. It is the highest inflation figure since March 2014, as cost increased for all categories.

Year-on-year, prices of food & non-alcoholic beverages rose by 3.9 percent (after a 4.6 percent increase in December), followed by alcoholic beverages & tobacco (+22.6 percent from +22.8 percent); clothing & footwear (+0.4 percent from +0.8 percent); housing, water, electricity, gas & other fuels (+3.1 percent from +2.5 percent); furnishing, household equipment & routine maintenance (+4.1 percent from +4.2 percent); health (+4.6 percent from +4.6 percent); transport (+0.6 percent from -6.2 percent); communication (+0.9 percent from +3.3 percent); education (+2.6 percent from +2.5 percent); recreation services & cultures (+2.3 percent from +2.6 percent); education (+2.6 percent from +2.6 percent); restaurants & hotels (+4.5 percent from +4.7 percent) and miscellaneous goods & services (+5.5 percent from +5.4 percent). 

Among food & non-alcoholic beverages, customers had to pay more for: food (+4.0 percent in January from +4.6 percent in December); food at home (+3.6 percent from +4.7 percent); rice, bread & other cereals (+1.8 percent from +2.0 percent); meat (+6.1 percent from +3.3 percent); ofish & seafood (+6.0 percent from +5.7 percent); oils & fats (+0.7 percent from +0.9 percent), fruits (+6.7 percent from +6.5 percent);  sugar, jam, honey, chocolate & confectionary (+3.4 percent from +1.9 percent); food products (+6.4 percent from +6.3 percent) and food away from home (+4.7 percent from +4.4 percent). In contrast, cost declined for milk & eggs (-0.3 percent from +1.1 percent).

Core consumer priced rose by 3.6 percent year-on-year in January.

On a monthly basis, consumer prices dropped by 0.3 percent, after remaining unchanged in December. Downward prices pressure was seen for: alcoholic beverages & tobacco (-0.1 percent), transport (-2.9 percent) and communication (-2.4 percent). In contrast, upward prices pressure came from: food & non-alcoholic beverages (+0.6 percent); clothing & footwear (+0.2 percent); housing, water, electricity, gas & other fuels (+0.2 percent); furnishing, household equipment & routine maintenance (+0.3 percent); health (+0.3 percent); recreation services & culture (+0.1 percent); education (+0.7 percent); restaurants & hotels (+0.1 percent) and miscellaneous goods & services (+0.4 percent). 

Malaysia Consumer Prices at 22-Month High


Statistics Malaysia | Rida Husna | rida@tradingeconomics.com
2/24/2016 11:48:55 AM