Malaysia Inflation Rate at 15-Month Low


Consumer prices in Malaysia rose 1.6 percent year-on-year in June of 2016, compared to a 2.0 percent gain in May and below market estimates of a 1.8 percent increase. It was the lowest inflation figure since March 2015 as prices of food went up slightly while cost of transport fell further and cost of housing & utilities were steady.

Year-on-year, upward prices pressure came from: food & non-alcoholic beverages (+4.2 percent in June from +4.1 percent in May); alcoholic beverages & tobacco (+21.9 percent from +22.1 percent); housing, water, electricity, gas & other fuels (+2.4 percent from +2.4 percent); furnishing, household equipment & routine maintenance (+1.7 percent from +2.2 percent); health (+2.0 percent from +2.0 percent); recreation services & culture (+1.4 percent from +1.5 percent), education (+2.1 percent from +2.2 percent), restaurants & hotels (+2.2 percent from +2.5 percent) and miscellaneous goods & services (+2.3 percent from +2.5 percent). In contrast, cost declined for clothing & footwear (-0.6 percent from -0.9 percent), transport (-8.5 percent from -5.6 percent) and communication (-2.2 percent from -2.2 percent). 

Among food & non-alcoholic beverages, customers had to pay more for: food (+4.4 percent in June from +4.2 percent in May); food at home (+4.9 percent from +4.6 percent); rice, bread & other cereals (+0.8 percent from +0.9 percent); meat (+2.2 percent from +0.3 percent); fish & seafood (+7.8 percent from +6.6 percent); milk & eggs (+2.2 percent from +1.1 percent), oils & fats (+0.1 percent from +0.4 percent), fruits (+5.6 percent from +6.1 percent); vegetables (+12.5 percent from +15.3 percent); sugar, jam, honey, chocolate & confectionary (+1.7 percent from +1.8 percent); food products (+5.8 percent from +5.3 percent) and food away from home (+3.6 percent from +3.6 percent) and coffee, tea, cocoa & non-alcoholic beverages (+0.7 percent from +0.6 percent). 

Core consumer prices rose by 2.1 percent year-on-year in June, the same pace as in May.

On a monthly basis, consumer prices rose 0.2 percent, after gaining 0.3 percent in a month earlier. Prices were higher for: food & non-alcoholic beverages (+0.5 percent); furnishing, household equipment & routine maintenance (+0.1 percent), health (+0.4 percent) and education (+0.1 percent). In contrast, downward prices pressures came from: transport (-0.1 percent) and restaurants and hotels(-0.1 percent). Prices remained unchanged for: alcoholic beverages & tobacco, clothing and footwear; housing, water, electricity, gas & other fuels, communication, recreation services & culture and miscellaneous goods & services.

Malaysia Inflation Rate at 15-Month Low


Statistics Malaysia l Rida Husna | rida@tradingeconomics.com
7/20/2016 5:29:19 AM