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Malaysia Consumer Prices Fall More than Estimated
Consumer prices in Malaysia fell by 1.7 percent year-on-year in November 2020, compared to market consensus and October's figure of a 1.5 percent drop. This was the ninth straight month of deflation and the steepest since June amid ongoing COVID-19 disruption, as prices fell faster for transport (-11.1% vs -10.2% in October), housing (-3.3% vs -3%), and clothing prices (-0.5% vs -0.4%). Meanwhile, cost of restaurants & hotels was flat (vs 0.1 percent in October), with that of furnishings, household equipment and routine maintenance was also unchanged for the second month in a row. Meantime, prices rose further for food (1.4% vs 1.5%), alcoholic beverages & tobacco (at 0.5% vs 0.5%), education (0.6% vs 0.7%), miscellaneous goods & services (2.3% vs 2.8%), and recreation services & culture (0.1% vs 0.2%). On a monthly basis, consumer prices declined by 0.2 percent in November, the first fall in seven months, after a 0.1 percent gain in October.
Published on 2020-12-23

Malaysia Consumer Prices Drop the Most in 4 Months
Consumer prices in Malaysia decreased by 1.5 percent year-on-year in October 2020, after a 1.4 percent drop in a month earlier, more than market consensus of a 1.4 percent decline. This was the eighth straight month of deflation and the highest reading since June on the back of the COVID-19 crisis, due to a faster fall in transport prices (-10.2% vs -9.9% in September), while both housing (-3% vs -3%) and clothing prices (-0.4% vs -0.6%) dropped further. Inflation was steady for alcoholic beverages & tobacco (at 0.5%), furnishings, household equipment and routine maintenance (at 0.1%), education (at 0.7%), and restaurants & hotels (at 0.1%). Meantime, prices continued to increase for food (1.5% vs 1.4%), miscellaneous goods & services (2.8% vs 2.7%), recreation services & culture (0.2% vs 0.1%). On a monthly basis, consumer prices edged up 0.1 percent in October, after a flat reading in September.
Published on 2020-11-25

Malaysia Consumer Prices Fall More than Expected
Consumer prices in Malaysia decreased by 1.4 percent year-on-year in September 2020, the same pace as in a month earlier, more than market consensus of a 1.3 percent drop. This was the seventh straight month of deflation on the back of the COVID-19 crisis, as prices declined for housing (-3%, the same pace as in August), transport (-9.9%, the same pace as in the prior month) and clothing (-0.6% vs -0.6%). Prices rose faster for both food (1.4% vs 1.3%) and alcoholic beverages & tobacco (0.5% vs 0.3%), while furnishings, household equipment and routine maintenance prices rebounded (0.1% vs -0.1%). Meantime, prices increased less for: miscellaneous goods & services (2.7% vs 3.1%), recreation services & culture (0.1% vs 0.6%), education (0.7% vs 1.1%), while restaurants & hotels inflation was steady (at 0.1%). On a monthly basis, consumer prices were unchanged in September, after a 0.2% rise in August.
Published on 2020-10-21

Malaysia Consumer Prices Fall More than Expected
Consumer prices in Malaysia decreased by 1.4 percent year-on-year in August 2020, after a 1.3 percent fall in a month earlier, more than market consensus of a 1.2 percent drop. This was the sixth straight month of deflation on the back of the COVID-19 crisis, as prices declined for transport (-9.9% vs -10.3% in July), clothing (-0.6%, the same pace as in the prior month) and furnishings, household equipment and routine maintenance (-0.1%, the same pace as in July). Meantime, inflation eased for recreation services & culture (0.6% vs 0.7%), education (1.1% vs 1.2%), food (1.3% vs 1.4%), and restaurants & hotels (0.1% vs 0.2%), while inflation was steady for alcoholic beverages & tobacco (at 0.3%). On the other hand, inflation accelerated for miscellaneous goods & services (3.1% vs 2.9%). On a monthly basis, consumer prices went up by 0.2% in August, the least since April, after a 0.7% gain in July.
Published on 2020-09-23

Malaysia Consumer Prices Drop the Least in 4 Months
Consumer prices in Malaysia declined by 1.3% yoy in July 2020, after a 1.9 percent drop in a month earlier. This was the fifth straight month of deflation but the lowest reading since March on the back of the COVID-19 crisis, as prices fell at a softer pace for transport (-10.3% vs -14.3%), clothing (-0.6% vs -1.1%) and furnishings, household equipment and routine maintenance (-0.1% vs -0.2%). In addition, inflation accelerated for recreation services & culture (0.7% vs 0.6%), education (1.2% vs 0.8%) and alcoholic beverages & tobacco (0.3% vs 0.2%). On the other hand, prices slowed for food (1.4% vs 1.6%), miscellaneous goods & services (2.9% vs 3.0%), restaurants & hotels (0.2% vs 0.3%). On a monthly basis, consumer prices went up by 0.7% in July, after a 1.0% rise in June.
Published on 2020-08-18

Malaysia Consumer Prices Fall the Least in 3 Months
Consumer prices in Malaysia dropped by 1.9% yoy in June 2020, after a 2.9 percent fall in a month earlier and in line with market consensus. This was the fourth straight month of deflation but the lowest reading since March on the back of the COVID-19 crisis, due to a softer fall in transport prices (-14.3% vs -20.8%) while housing & utilities prices fell further (-2.6% vs -2.6%). Also, there were drops in cost of both clothing (-1.1% vs -1.1%) and furnishings, household equipment and routine maintenance (-0.2% vs -0.2%). In addition, inflation accelerated for food (1.6% vs 1.2%), miscellaneous goods & services (3.0% vs 2.8%). Meantime, inflation was steady for alcoholic beverages & tobacco (at 0.2%), communication (at 1.6%).Meanwhile, cost rose further for recreation services & culture (0.6% vs 0.7%), health (1.1% vs 1.2%), education (0.8% vs 1%), restaurants & hotels (0.3% vs 0.9%). On a monthly basis, consumer prices rose by 1.0% in June, after a 0.3% gain in May.
Published on 2020-07-22

Malaysia Consumer Prices Fall More than Estimated
Consumer prices in Malaysia dropped by 2.9% yoy in May 2020, the same as in a month earlier and compared with market consensus of a 2.7% fall. This was the third straight month of deflation and the steepest reading on record on the back of the COVID-19 crisis, with transport prices plunging further (-20.8% vs -21.5% in April) and cost of housing & utilities falling more (-2.6% vs -2.2%). Also, there were falls in cost of both clothing (-1.1% vs -1.2%) and furnishings, household equipment and routine maintenance (-0.2% vs 0.3%). At the same time, inflation was unchanged for food (at 1.2%), alcoholic beverages & tobacco (at 0.2%), health (at 1.2%), and communication (at 1.6%). Meanwhile, cost rose further for recreation services & culture (0.7% vs 0.6%), education (1% vs 1.2%) restaurants & hotels (0.9% vs 0.7%), and miscellaneous goods & services (2.8% vs 2.7%). On a monthly basis, consumer prices rose by 0.3% in May, after a 2.7% fall in April.
Published on 2020-06-24

Malaysia Consumer Prices Fall at Record Pace
Consumer prices in Malaysia dropped by 2.9% yoy in April 2020, compared with market consensus of a 1.6% fall and after a 0.2% decline in a month earlier. This was the steepest decrease on record, amid a sharp plunge in transport prices (-21.5% vs -8.9% in March) and lower costs of housing & utilities (-2.2% vs 1.6%) and clothing (-1.2% vs -1.3%), mainly attributed to the global pandemic crisis. In addition, prices slowed for alcoholic beverages (0.2% vs 0.3%), furnishing & routine maintenance (0.3% vs 0.8%), restaurants and hotels (0.7% vs 0.9%), health (1.2% vs 1.4%), recreation services & culture (0.6% vs 0.7%), and miscellaneous goods & services (2.3% vs 2.6%). Meanwhile, food prices rose 1.2%, the same as in March. Core consumer prices rose 1.3% yoy, the same as in March, staying the lowest since May 2019. On a monthly basis, consumer prices plunged 2.7%, the most on record, after a 1.2% fall in March.
Published on 2020-05-20

Malaysia Consumer Prices Fall for 1st Time in 13 Months
Consumer prices in Malaysia dropped by 0.2% yoy in March 2020, after a 1.3% gain in February and compared with market consensus of a 0.1% drop. This was the first decline in consumer prices since February 2019, amid a plunge in transport prices (-8.9% vs 2.4% in February) and a faster drop in cost of clothing (-1.3% vs -1.1%). At the same time, prices slowed for both furnishing & routine maintenance (0.8% vs 1%) and restaurants and hotels (0.9% vs 1.1%). Meanwhile, inflation was steady for housing & utilities (at 1.6%), recreation services & culture (at 0.7%), and communication (at 1.5%), while cost rose faster for alcoholic beverages (0.3% vs 0.2%), health (1.4% vs 1.3%), and miscellaneous goods & services (2.6% vs 2.5%). Food prices rose 1.2%, the most in three months, after a 0.8% gain in February. Core consumer prices rose by 1.3% yoy, the same as in February, remaining the lowest since May 2019. On a monthly basis, consumer prices fell 1.2%, the first fall since January 2019.
Published on 2020-04-22

Malaysia February Inflation Rate Below Estimates
Malaysia's annual inflation rate fell to 1.3 percent in February 2020 from a 20-month high of 1.6 percent in January and compared with market consensus of 1.4 percent. Prices rose less for food & non-alcoholic beverage (0.8% vs 0.9% in January); housing (1.6% vs 1.7%); furnishing, household equipment & routine maintenance (1% vs 1.2%); transport (2.4% vs 3.9%); health (1.3% vs 1.4%); education (1.3% vs 1.7%); and recreation & culture (0.7% vs 0.9%). In addition, cost of clothing fell further (-1.1% vs -1.2%). Meantime, inflation was steady for communication (at 1.5%), restaurants and hotels (at 1.1%), and miscellaneous goods & services (at 2.5%). Core consumer prices, which exclude most volatile items of fresh food as well as administered prices of goods and services, rose 1.3%, following a 1.7% gain in January, the lowest since May 2019. On a monthly basis, consumer prices rose 0.1 percent in February, the same as in January.
Published on 2020-03-25

Malaysia Inflation Rate at 20-Month High of 1.6%
Malaysia's annual inflation rate increased to a 20-month high of 1.6 percent in January 2020 from 1 percent in December 2019 and matching market estimates. Transport prices rebounded (3.9% vs -1.9%) and cost rose faster for miscellaneous (2.5% vs 2.4%) and recreation & culture (0.9% vs 0.6%). Meantime, inflation was steady for: housing (at 1.7%); health (1.4%); communication (1.5%); education (1.7%) and restaurants and hotels (1.1%). On the other hand, prices went up softer for food & non-alcoholic beverage (0.9% vs 1.7%) and furnishings, household equipment & routine maintenance (1.2% vs 1.4) while prices fell further for clothing (-1.2% vs -1%). Core consumer prices, which exclude most volatile items of fresh food as well as administered prices of goods and services, rose to 1.7% in January from 1.4% in the previous two months, the highest since August 2019. On a monthly basis, consumer prices edged up 0.1% in January, after a 0.2% gain in December.
Published on 2020-02-21

Malaysia Inflation Rate Inches Higher in December
Malaysia's annual inflation rate edged up to 1.0 percent in December 2019 from a six-month low of 0.9 percent in November and matching market estimates, driven by rising food prices. On a monthly basis, consumer prices rose by 0.2 percent in December, after a 0.1 percent gain in November.
Published on 2020-01-22

Malaysia Inflation Rate Below Forecasts in November
Malaysia's annual inflation rate unexpectedly fell to 0.9 percent in November of 2019 from 1.1 percent in the previous month and less than market estimates of 1.2 percent. This was the lowest inflation rate since May, as food prices rose the least in six months while cost of transports fell further. On a monthly basis, consumer prices rose by 0.1 percent in November, compared to a 0.2 percent in October.
Published on 2019-12-20

Malaysia Inflation Rate Unchanged at 4-Month Low
Malaysia's annual inflation rate was at 1.1 percent in October of 2019, unchanged from September's four-month low and compared to market expectations of 1.0 percent. Housing inflation was steady, while food inflation was at 5-month low and transport cost fell further. On a monthly basis, consumer prices rose by 0.2 percent in October, compared to a flat reading in September.
Published on 2019-11-20

Malaysia Inflation Rate Slows to 4-Month Low in September
Malaysia's annual inflation rate fell to 1.1 percent in September 2019 from 1.5 percent in the previous month and below market expectations of 1.4 percent. This was the lowest inflation rate since May, as food prices rose the least in four months, housing inflation eased and transport cost fell further. On a monthly basis, consumer prices were flat in September, after a 0.2 percent gain in August.
Published on 2019-10-23

Malaysia August Inflation Rate Rises to 1.5%
Malaysia's annual inflation rate edged up to 1.5 percent in August 2019 from 1.4 percent in the previous month and in line with market expectations. Food inflation accelerated to a 16-month high while housing & utilities prices slowed.
Published on 2019-09-25

Malaysia Inflation Rate Eases to 1.4% in July
Malaysia's annual inflation rate edged down to 1.4 percent in July 2019 from a 13-month high of 1.5 percent in the previous month and below market expectations of 1.5 percent. Housing & utilities inflation slowed while transport prices continued to drop.
Published on 2019-08-14

Malaysia Inflation Rate Rises to 13-Month High
Malaysia's annual inflation rate rose to 1.5 percent in June 2019 from 0.2 percent in the previous month and compared to market expectations of 1.6 percent. That was the highest rate since May 2018, as the effects of tax policy changes introduced last year faded. Food and housing & utilities prices rose faster while transport cost dropped less than in a month earlier. Core consumer prices, which exclude most volatile items of fresh food as well as administered prices of goods and services, rose 1.9 percent in June, the most since January last year and compared to a 0.4 percent gain in May. On a monthly basis, consumer prices were flat in June, following a 0.2 percent rise in May.
Published on 2019-07-24

Malaysia Inflation Rate Steady for 3rd Month at 0.2%
Malaysia's annual inflation rate came in at 0.2 percent in May 2019, unchanged from the previous month and below market consensus of 0.3 percent. Main upward pressure came from both food and housing & utilities prices while transport prices continued to drop, though less. On a monthly basis, consumer prices went up by 0.2 percent in May, following a flat reading in April.
Published on 2019-06-26

Malaysia April Inflation Rate Below Estimates
Malaysia's consumer price inflation stood at 0.2 percent year-on-year in April 2019, unchanged from the previous month but less than market consensus of 0.4 percent. Main upward pressure came from prices of food, housing & utilities and education. Transport cost continued to fall but at a softer pace. On a monthly basis, consumer prices were flat in April, following a 0.2 percent gain in March.
Published on 2019-05-24