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.
Department of Statistics, Malaysia l Chusnul Ch Manan | 6/26/2019 9:33:18 AM
Year-on-year, prices of food & non-alcoholic beverages increased by 1.2 percent in May, the most since last October, up from a 1.1 percent rise in April. Among food, cost continued to rise for: fish & seafood (0.9 percent vs 0.2 percent in April); milk & eggs (0.7 percent vs 1.9 percent); and food away from home (2.9 percent vs 3.1 percent), with cost of vegetables (4.5 percent vs 2.2 percent). Meantime, prices continued to fall for rice, bread & other cereals (-0.3 percent vs -0.4 percent); meat (-3.1 percent vs -3.6 percent); oils & fats (-1.2 percent vs -1.0 percent); sugar, jam, honey (-2.2 percent vs -2.2 percent); food products (-0.8 percent vs -0.5 percent) while fruits prices edged down (-0.1 percent vs 0.1 percent)

Also, inflation accelerated for both alcoholic beverages & tobacco (1.3 percent vs 1.2 percent) and furnishings, household equipment & routine maintenance (0.5 percent vs 0.2 percent). 

On the other hand, inflation slowed for housing, water, electricity, gas, & other fuels (1.8 percent vs 2 percent); restaurants and hotels (0.6 percent vs 0.8 percent) while it was steady for education (at 1.2 percent). In contrast, cost continued to drop for: transport (-2.5 percent vs -2.6 percent); clothing and footwear (-3.2 percent, the same pace in April); miscellaneous goods & services (-2.1 percent vs -2 percent); health (-0.3 percent, the same pace in the prior month); recreation services & culture (-0.4 percent, the same pace as in the previous month), and communication (-0.9 percent vs -1.1 percent).

Core consumer prices rose 0.4 percent year-on-year in May, the least since February, softer than a 0.5 percent gain in April.

On a monthly basis, consumer prices went up by 0.2 percent in May, following a flat reading in April.

Malaysia Inflation Rate Steady for 3rd Month at 0.2%