Malaysia Inflation Rate at 4-Month High


Consumer prices in Malaysia rose 1.8 percent year-on-year in April of 2015, up from 0.9 percent in March but slightly below market forecasts. It is the fastest inflation since January this year, mainly due to an increase in cost of alcoholic beverages & tobacco, food & non-alcoholic beverages, health and restaurants & hotels.

Year-on-year, prices increased the most for alcoholic beverages & tobacco (+13.0 percent in April from 10.6 percent in March), followed by food & non-alcoholic beverages (+3.1 percent from +2.3 percent); clothing and footwear (+0.7 percent from -0.2 percent); housing, water, electricity, gas & other fuels (+2.3 percent from +1.9 percent); furnishings, household equipment & routine maintenance (+2.3 percent from +0.2 percent), health (+5.0 percent from +3.6 percent); communication (+2.3 percent from -0.9 percent); recreation & culture (+1.5 percent from +0.6 percent); education (+2.6 percent from +2.2 percent); restaurants and hotels (+4.3 percent from +2.8 percent) and miscellaneous goods & services (+4.1 percent from +1.5 percent). In contrast, cost of transport declined by 4.8 percent, following from a 4.9 percent drop in the preceding month.

Among food & non-alcoholic beverages, customers had to pay more for all categories except fish & seafood and fruits. Food at home increased by 2.7 percent in April (from +2.0 percent in March), followed by rice, bread & other cereals (+1.9 percent from 1.0 percent); meat (+2.8 percent from 1.0 percent); milk & eggs (+7.1 percent from +5.8 percent); oils & fats (+0.6 percent from +0.1 percent); vegetables (+2.3 percent from +1.2 percent); sugar, jam, honey, chocolate & confectionery (+2.0 percent from +0.8 percent); food away from home (+3.7 percent) and coffee, tea & non-alcoholic beverages (+2.3 percent from +0.6 percent). Meanwhile, prices moderated for fish & seafood (+2.3 percent from +2.4 percent) and fruits (+1.5 percent from +1.8 percent).

On a monthly basis, consumer prices increased by 0.9 percent, the same pace as in the preceding month. Price increases were reported for all categories except furnishing, hoisehold equipment & routine maintenance. Alcoholic beverages & tobacco  rose to 2.2 percent in April, followed by clothing and footwear (+0.8 percent); housing, water, electricity, gas & other fuels (+0.4 percent);  health (+1.9 percent); transport (+0.3 percent); communication (+3.1 percent); recreation & services (+0.9 percent); education (+0.6 percent); restaurants and hotels (+0.5 percent) and miscellaneous goods & services (+2.5 percent). In contrast, cost of furnishing, hoisehold equipment & routine maintenance declined by 0.3 percent.

Malaysia Inflation Rate at 4-Month High


Statistics Malaysia l Rida Husna l rida@tradingeconomics.com
5/22/2015 11:01:50 AM