Malaysia Inflation Rate at 5-Month High


Consumer prices in Malaysia rose 2.1 percent year-on-year in May of 2015, up from 1.8 percent in April and slightly above market consensus. It is the fastest inflation since December 2014, mainly due to an increase in cost of food & non-alcoholic beverages; housing and utilities and furnishing, household equipment and routine maintenance.

Year-on-year, prices increased for: food & non-alcoholic beverages  (+3.5 percent in May from +3.1 percent in April); housing, water, electricity, gas & other fuels (+2.6 percent from +2.3 percent); furnishings, household equipment & routine maintenance (+2.6 percent from +2.3 percent); clothing and footwear (+0.9 percent from +0.7 percent); communication (+2.6 percent from +2.3 percent); recreation & culture (+1.6 percent from +1.5 percent); restaurants and hotels (+4.5 percent from +4.3 percent) and miscellaneous goods & services (+4.4 percent from +4.1 percent). In contrast, cost of transport declined by 4.7 percent, following a 4.8 percent drop in the preceding month. 

While cost of education remained unchanged (+5.0 percent), prices moderated for alcoholic beverages & tobacco (+11.3 percent from +13.0 percent) and education (+2.5 percent from +2.6 percent).

Among food & non-alcoholic beverages, customers had to pay more for: food at home (+3.4 percent in May from +2.7 percent in April), meat (+3.4 percent from +2.8 percent); fish & seafood (+3.5 percent from +2.3 percent); oils & fats (+0.7 percent from +0.6 percent); fruits (+2.7 percent from +1.5 percent); vegetables (+5.3 percent from +2.3 percent); sugar, jam, honey, chocolate & confectionery (+2.1 percent from +2.0 percent) and coffee, tea & non-alcoholic beverages (+3.5 percent from +2.3 percent). While prices moderated for milk & eggs (+5.9 percent from +7.1 percent), cost remained unchanged for rice, bread & other cereals (+1.9 percent); food products (+4.7 percent) and food away from home (+3.7 percent).

On a monthly basis, consumer prices accelerated 0.4 percent, slowing from 0.9 percent rise in the preceding month. Price increases were reported for most categories except alcoholic beverages & tobacco and education. Food & non-alcoholic beverages Alcoholic beverages rose to 0.4 percent in May, followed by clothing and footwear (+0.1 percent); housing, water, electricity, gas & other fuels (+0.7 percent);  furnishing, household equipment & routine maintenance (+0.4 percent); health (+0.3 percent); transport (+0.2 percent); communication (+0.1 percent); recreation & services (+0.2 percent); restaurants and hotels (+0.4 percent) and miscellaneous goods & services (+0.3 percent). In contrast, cost of alcoholic beverages & tobacco declined by 1.5 percent and prices of education dropped by 0.1 percent.
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Malaysia Inflation Rate at 5-Month High


Statistics Malaysia l Rida Husna l rida@tradingeconomics.com
6/19/2015 10:29:36 AM