Malaysia Inflation Rate Up to 3.3% in August


Malaysian annual inflation rate edged up to 3.3 percent in August from 3.2 percent in July. The data came above market expectations, mainly driven by higher food prices.

Food prices increased 3.3 percent year-on-year in August. Non-food cost also increased 3.3 percent, driven by prices of alcoholic beverages and tobacco (+ 11.6 percent); transport (+ 5.5 percent); restaurants and hotels (+ 5.1 percent) and housing, water, electricity, gas and fuels (+ 3.4 percent). These four groups of goods and services contributed 61.3 percent to the increase in the CPI for the month of August.

When compared with the previous month, the CPI increased by 0.2 percent in August. Increases were recorded for housing, water, electricity, gas and other fuels (+ 0.6 percent); furnishings, household equipment and routine household maintenance (+ 0.4 percent); restaurants and hotels (+ 0.3 percent); health; education and miscellaneous goods and services by 0.2 percent respectively; food and non-alcoholic beverages and transport by 0.1 percent respectively. On the other hand, the index for communication decreased by 0.1 percent. The indices for alcoholic beverages and tobacco; clothing and footwear and recreation services and culture remained unchanged.

Malaysia Inflation Rate Up to 3.3% in August


Department of Statistics, Malaysia | Joana Taborda | joana.taborda@tradingeconomics.com
9/17/2014 10:44:00 AM