Malaysia Inflation Rate Highest in Over 7 Years


Consumer prices in Malaysia rose 4.2 percent year-on-year in February of 2016, as compared to a 3.5 percent increase in January and above market consensus of a 4.0 percent rise. It is the highest inflation figure since December 2008, as cost increased for all categories.

Year-on-year, prices of food & non-alcoholic beverages rose by 4.8 percent (after a 3.9 percent increase in January), followed by alcoholic beverages & tobacco (+22.6 percent from +22.6 percent); clothing & footwear (+0.5 percent from +0.4 percent); housing, water, electricity, gas & other fuels (+2.6 percent from +3.1 percent); furnishing, household equipment & routine maintenance (+4.7 percent from +4.1 percent); health (+4.5 percent from +4.6 percent); transport (+3.6 percent from +0.6 percent); communication (+0.9 percent from +0.9 percent); education (+2.5 percent from +2.6 percent); recreation services & cultures (+2.4 percent from +2.3 percent); education (+2.5 percent from +2.6 percent); restaurants & hotels (+4.7 percent from +4.5 percent) and miscellaneous goods & services (+5.2 percent from +5.5 percent). 

Year-on-year, prices of food & non-alcoholic beverages rose by 4.8 percent (after a 3.9 percent increase in January), followed by alcoholic beverages & tobacco (+22.6 percent from +22.6 percent); clothing & footwear (+0.5 percent from +0.4 percent); housing, water, electricity, gas & other fuels (+2.6 percent from +3.1 percent); furnishing, household equipment & routine maintenance (+4.7 percent from +4.1 percent); health (+4.5 percent from +4.6 percent); transport (+3.6 percent from +0.6 percent); communication (+0.9 percent from +0.9 percent); education (+2.5 percent from +2.6 percent); recreation services & cultures (+2.4 percent from +2.3 percent); education (+2.5 percent from +2.6 percent); restaurants & hotels (+4.7 percent from +4.5 percent) and miscellaneous goods & services (+5.2 percent from +5.5 percent). 

Among food & non-alcoholic beverages, customers had to pay more for: food (+4.9 percent in February from +4.0 percent in January); food at home (+4.8 percent from +3.6 percent); rice, bread & other cereals (+1.8 percent from +1.8 percent); meat (+4.9 percent from +6.1 percent); ofish & seafood (+7.5 percent from +6.0 percent); oils & fats (+0.8 percent from +0.7 percent), fruits (+5.6 percent from +6.7 percent); vegetables (+9.7 percent from -0.1 percent); sugar, jam, honey, chocolate & confectionary (+3.4 percent from +3.4 percent); food products (+6.6 percent from +6.4 percent) and food away from home (+4.8 percent from +4.7 percent) and coffee, tea, cocoa & non-alcoholic beverages (+3.1 percent from +3.1 percent). In contrast, cost declined for milk & eggs (-0.2 percent from -0.3 percent).

Core consumer priced rose by 3.6 percent year-on-year in February, the same as in the preceding month.

On a monthly basis, consumer prices remained unchanged, after declining 0.3 percent in January. Upward prices pressure was seen for:  food & non-alcoholic beverages (+0.7 percent); housing, water, electricity, gas & other fuels (+0.4 percent); furnishing, household equipment & routine maintenance (+0.4 percent); health (+0.3 percent); recreation services & culture (+0.5 percent); education (+0.4 percent); restaurants & hotels (+0.4 percent) and miscellaneous goods & services (+0.3 percent). In contrast, downward pressure came from transport (-3.1 percent).

Malaysia Inflation Rate Highest in Over 7 Years


Statistics Malaysia l Rida Husna | rida@tradingeconomics.com
3/25/2016 5:15:45 AM