Malaysia Inflation Rate at 5-Month Low


Consumer prices in Malaysia rose 2.6 percent year-on-year in March of 2016, slowing from a 4.2 percent increase in February and below market estimates of a 3.6 percent rise. It is the lowest inflation figure since November 2015 as prices of food and housing & utilities rose at a faster pace while cost of transport declined sharply.

Year-on-year, prices of food & non-alcoholic beverages rose by 5.0 percent (after a 4.8 percent increase in February), followed by alcoholic beverages & tobacco (+22.7 percent from +22.6 percent); housing, water, electricity, gas & other fuels (+3.1 percent from +2.6 percent); furnishing, household equipment & routine maintenance (+4.7 percent from +4.7 percent); health (+4.2 percent from +4.5 percent); communication (+0.9 percent from +0.9 percent); recration services & culture (+2.6 percent from +2.4 percent), education (+2.6 percent from +2.5 percent);  restaurants & hotels (+4.5 percent from +4.7 percent) and miscellaneous goods & services (+5.1 percent from +5.5 percent). In contrast, cost declined significantly for transport (-8.2 percent from +3.6 percent). Prices remained unchanged for clothing & footwear.

Among food & non-alcoholic beverages, customers had to pay more for all categories: food (+5.1 percent in March from +4.9 percent in February); food at home (+5.1 percent from +4.8 percent); rice, bread & other cereals (+1.8 percent from +1.8 percent); meat (+1.8 percent from +4.9 percent); fish & seafood (+9.3 percent from +7.5 percent); milk & eggs (+0.8 percent from -0.2 percent), oils & fats (+1.0 percent from +0.8 percent), fruits (+6.2 percent from +5.9 percent); vegetables (+11.6 percent from +9.7 percent); sugar, jam, honey, chocolate & confectionary (+3.5 percent from +3.4 percent); food products (+6.7 percent from +6.6 percent) and food away from home (+4.8 percent from +4.8 percent) and coffee, tea, cocoa & non-alcoholic beverages (+3.3 percent from +3.1 percent). 

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

On a monthly basis, consumer prices dropped 0.6 percent, after remaining unchanged in February. Downward prices pressure was seen for: food & non-alcoholic beverages (-0.1 percent),  clothing & footwear (-0.1 percent) and transport (-4.3 percent). In contrast, upward pressure came from: alcoholic beverages & tobacco (+0.1 percent); housing, water, electricity, gas & other fuels (+0.1 percent); furnishing, household equipment & routine maintenance (+0.1 percent); education (+0.2 percent); restaurants & hotels (+0.4 percent) and miscellaneous goods & services (+0.1 percent). 

Malaysia Inflation Rate at 5-Month Low


Statistics Malaysia l Rida Husna | rida@tradingeconomics.com
4/20/2016 6:37:54 AM