Malaysia Inflation Rate At 3-Month Low Of 4.4% In April


Consumer prices in Malaysia rose 4.4 percent year-on-year in April of 2017, compared to a 5.1 percent increase in March and below markets expectations of a 4.5 percent rise. It was the lowest inflation rate since January 2017, mainly due to a marked slowdown in cost of transport while food inflation was steady.

Year-on-year, upward prices pressure came from: food & non-alcoholic beverages (4.1 percent from 4.1 percent in March); alcoholic beverages & tobacco (0.2 percent from 0.2 percent); housing, water, electricity, gas & other fuels (2.2 percent from 2.1 percent); furnishing, household equipment and routine maintenance (1.9 percent from 1.5 percent), health (2.8 percent from 2.6 percent), transport (16.7 percent from 23.0 percent), recreation services & culture (3.0 percent from 3.0 percent), education (1.7 percent from 1.7 percent), restaurants & hotels (2.4 percent from 2.3 percent) and miscellaneous goods & services (1.5 percent from 1.3 percent). In contrast, downward prices pressure came from: clothing and footwear (-0.1 percent from -0.2 percent) and communication (-0.3 percent from -0.2 percent).
 
Among food & non-alcoholic beverages, customers had to pay more for most categories: food (4.4 percent from 4.3 percent); food at home (4.0 percent from 4.1 percent); rice, bread & other cereals (0.8 percent from 0.7 percent); meat (4.2 percent from 3.7 percent); fish & seafood (6.2 percent from 5.2 percent); oils & fats (39.1 percent from 38.8 percent), fruits (2.4 percent from 3.7 percent); vegetables (2.3 percent from 4.8 percent); sugar, jam, honey, chocolate & confectionary (1.5 percent from 1.5 percent); food products (4.7 percent from 5.0 percent), food away from home (4.9 percent from 4.4 percent). Meanwhile, prices of coffee, tea, cocoa & non-alcoholic beverages fell 0.4 percent (from -0.4 percent), and milk & eggs (-1.1 percent from -0.4 percent).
 
Core consumer prices went up 2.3 percent year-on-year, after increasing by 2.5 percent in the prior month.
 
On a monthly basis, consumer prices decreased by 0.3 percent in April, following a 0.1 percent fall in a month earlier and the second straight month drop since September 2016. Prices fell for: transport (-1.9 percent) and communication (-0.1 percent). In contrast, cost went up for food & non-alcoholic beverages & tobacco ( 0.1 percent); clothing and footwear (0.2 percent); furnishings, household equipment and routine maintenance ( 0.4 percent), health (0.2 percent), restaurants & hotels ( 0.2 percent);  miscellaneous goods and services (0.2 percent), and education (0.1 percent). Cost were flat for housing, water, electricity, gas & other fuels; recreation services & culture, and alcoholic beverages & tobacco .
 

Malaysia Inflation Rate At 3-Month Low Of 4.4% In April


Department of Statistics Malaysia l Chusnul Ch Manan | chusnul@tradingeconomics.com
5/17/2017 4:50:50 AM