Malaysia Inflation Rate Slightly Down to 1.9% in August

In August of 2013, Malaysian inflation rate slightly decelerated to 1.9 percent, from 2 percent in July, as food prices slowed.

In August of 2013, prices of food and non-alcoholic beverages were the main contributors to the overall growth, and slowed to 3.6 percent yoy from 3.9 percent in July. Prices of meat recorded the highest increase (+7.1 percent), followed by cost of milk and eggs (+5.5 percent) and sugar and chocolate (+52 percent). In contrast, cost of oils and fat declined 0.3 percent yoy. 

In the same period, prices of housing, water, electricity, gas and other fuels eased to an annual rate of 1.8 percent, down from 2.2 percent recorded in July. Although accounting for less than 5 percent of the overall CPI, prices of alcoholic beverages and tobacco recorded the highest annual increase in August (+ 4.1 percent). In contrast, cost of clothing and footwear, communication and recreation and culture decreased again in August.

From July to August, the inflation rate increased 0.1 percent, down from 0.2 percent in the previous period.  Price increases were recorded for miscellaneous goods and services (+ 0.8 percent); housing, water, electricity, gas (+ 0.4 percent); restaurants and hotels (+ 0.3 percent); health (+ 0.2 percent) and recreation and culture (+ 0.1 percent). On the other hand, decreases were recorded for food and communication by 0.1 percent respectively. The indices for alcoholic beverages and tobacco; clothing and footwear; furnishings, household equipment and routine household maintenance; transport and education remained unchanged from previous month’ figures

Malaysia Inflation Rate Slightly Down to 1.9% in August

Joana Taborda |
9/18/2013 10:44:42 AM