Malaysia Inflation Rate Exceeds Forecast in June


Consumer prices in Malaysia rose 2.5 percent year-on-year in June of 2015, up from 2.1 percent in May and above market expectations. It is the fastest inflation since December 2014, as cost of furnishing, household equipment and routine maintenance and recreation & culture increased while a decline in cost of transport eased.

Year-on-year, prices rose for: furnishings, household equipment & routine maintenance (+3.2 percent in June from +2.6 percent in May), recreation & culture (+1.7 percent from +1.6 percent) and miscellaneous goods & services (+4.6 percent from +4.4 percent). In contrast, cost declined only for transport (-1.4 percent from -4.7 percent).

Prices moderated for: food & non-alcoholic beverages (+3.4 percent from +3.5 percent); clothing & footwear (+0.7 percent from +0.9 percent); housing, water, electricity, gas & other fuels (+2.5 percent from +2.6 percent) and education (+2.6 percent from +2.5 percent).

Cost remained unchanged for: alcoholic beverages & tobacco (+11.3 percent); health (+5.0 percent); communication (+2.6 percent) and restaurants & hotels (+4.5 percent). Prices 

Among food & non-alcoholic beverages, customers had to pay more for: fruits (+3.0 percent in June from +2.7 percent in May), vegetables (+5.4 percent from +5.3 percent), food away from home (+3.8 percent from +3.7 percent) and food products (+4.8 percent from +4.7 percent). While cost remained flat for oils & fats (+0.7 percent and sugar, jam, honey & chocolate (+2.1 percent), prices moderated for: rice, bread & other cereals (+1.8 percent from +1.9 percent); meat (+3.0 percent from +3.4 percent); fish & seafood (+3.2 percent from +3.5 percent); milk & eggs (+4.6 percent from +5.9 percent) and coffee, tea, cocoa & non-alcoholic beverages (+3.2 percent from +3.5 percent).

On a monthly basis, consumer prices accelerated 0.6 percent, following a 0.4 percent rise in the preceding month. Price increases were reported for most categories except clothing & footwear. Transport rose the most by 3.0 percent, followed by furnishing, household equipment & routine maintenance (+0.5 percent); food & non-alcoholic beverages (+0.2 percent); housing, water, electricity, gas & other fuels (+0.1 percent); health (+).4 percent); education (+0.3 percent); restaurants & hotels (+0.2 percent); miscellaneous goods & services (+0.2 percent); recreation & culture (+0.1 percent) and communication (+0.0 percent).

During January to June 2015, consumer prices rose 1.4 percent 

Malaysia Inflation Rate Exceeds Forecast in June


Statistics Malaysia l Rida Husna l rida@tradingeconomics.com
7/15/2015 6:29:02 AM