Malaysian Inflation Rate Unchanged in March


Malaysian annual inflation remained steady at 3.5 percent in March of 2014, after accelerating in the previous six months. A slowdown in transport prices was enough to offset higher food, housing and gas prices.

The year-on-year inflation for food and non-alcoholic beverages accelerated to 3.9 percent in March, from 3.8 percent in the previous month, while cost of housing, water, electricity, gas and other fuels rose to 3.6 percent up from 3.5 percent. In contrast, transport cost slowed to 5.1 percent from 5.5 percent. 

Additional upward pressures came from recreation services and culture (+1.6 percent), furnishings and household equipment (+1.1 percent), restaurants and hotels (+4.5 percent), education (+2.3 percent) and health (+2.3 percent). On the other hand, prices fell for communication (-0.5 percent), clothing and footwear (-0.1 percent).

On a monthly basis, the inflation rate increased 0.1 percent in March, down from 0.3 percent recorded in the previous month. Lower costs were recorded for housing, water, electricity, gas and other fuels (0.1 percent compared with 0.7 percent in February), miscellaneous goods and services (0.4 percent from 0.6 percent), recreation services and culture (0 percent from 0.1 percent), furnishings and household equipment (0 percent from 0.2 percent), clothing and footwear (0 percent from 0.1 percent), restaurants and hotels (0.4 percent from 0.6 percent), and education (0.1 percent from 0.5 percent).

Malaysian Inflation Rate Unchanged in March


Department of Statistics, Malaysia | Isabel Felino | isabel.felino@tradingeconomics.com
4/16/2014 11:33:21 AM