Malaysian Inflation Rate Rises Further in February


Malaysian annual inflation rate accelerated for the sixth consecutive month to 3.5 percent, the highest in 32 months, due to higher housing utilities and transport cost.

Prices for all main groups increased, except for miscellaneous goods and services (-0.4 percent) and communication (-0.6 percent). Annual upward pressures came mostly from prices for food (3.8 percent, slightly lower than 4.2 percent in January), transports (5.5 percent, up from 5.3 percent), housing, water, electricity, gas and other fuels (3.5 percent versus 3.2 percent). Other increases were observed for restaurants and hotels (+4.4 percent), non-food (+3.3 percent), education (+2.3 percent) and health (+2.2 percent). 

Compared with the previous month, inflation rose to 0.3 percent, lower than January’s 0.6 percent. Prices increased for housing, water, electricity, gas and other fuels (+0.7 percent), restaurants and hotels (+0.6 percent), miscellaneous goods and services (+0.6 percent). Additional upward pressures came from cost of education (+0.5 percent), furnishings and equipment (+0.2 percent), health (+0.2 percent) and transport (+0.2 percent). Contrarily, prices for food and non-alcoholic beverages and communications decreased by 0.1 percent, respectively.

Malaysian Inflation Rate Rises Further in February


Department of Statistics, Malaysia | Isabel Felino | isabel.felino@tradingeconomics.com
3/21/2014 10:45:12 AM