Malaysia Inflation Rate Above Forecasts in August


Consumer prices in Malaysia rose 1.5 percent year-on-year in August of 2016, compared to a 1.1 percent gain in July and market estimates of a 1.3 percent increase. Prices of food and housing & utilities rose at a slower pace while cost of transport fell less than in a month earlier.

Year-on-year, prices went up for: food & non-alcoholic beverages (+3.5 percent from +3.8 percent in July); alcoholic beverages & tobacco (+19.7 percent from +19.9 percent); housing, water, electricity, gas & other fuels (+2.1 percent from +2.4 percent); furnishing, household equipment & routine maintenance (+1.3 percent from +1.5 percent), health (+2.2 percent from +2.0 percent), recreation services & culture (+3.6 percent from +1.7 percent), education (+2.0 percent from +2.2 percent), restaurants & hotels (+2.1 percent from +2.1 percent) and miscellaneous goods & services (+2.5 percent from +2.4 percent). In contrast, cost declined for: clothing & footwear (-0.6 percent from -0.6 percent), transport (-6.7 percent from -9.9 percent) and communication (-2.4 percent from -2.3 percent).

Among food & non-alcoholic beverages, customers had to pay more for: food (+3.6 percent from +3.9 percent); food at home (+3.7 percent from +4.2 percent); rice, bread & other cereals (+0.7 percent from +0.7 percent); meat (+6.9 percent from +7.0 percent); fish & seafood (+5.2 percent from +6.0 percent); milk & eggs (+2.2 percent from +1.2 percent), oils & fats (+0.5 percent from +0.4 percent), fruits (+3.9 percent from +4.5 percent); vegetables (+3.1 percent from +6.3 percent); sugar, jam, honey, chocolate & confectionary (+1.9 percent from +1.9 percent); food products (+6.2 percent from +5.8 percent), food away from home (+3.4 percent from +3.1 percent) and coffee, tea, cocoa & non-alcoholic beverages (+0.5 percent from +0.5 percent). 

Core consumer prices rose 2.0 percent year-on-year in August, the same pace as in July. 

On a monthly basis, consumer prices went up 0.4 percent, after gaining 0.3 percent in a month earlier. Prices were higher for: food & non-alcoholic beverages (+0.3 percent); housing, water, electricity, gas & other fuels (+0.1 percent), health (+0.3 percent), transport (+0.8 percent), education (+0.2 percent) recreation services & culture (+2.1 percent),  misecellaneous goods & services (+0.4 percent), education (+0.1 percent), restaurants & hotels (+0.2 percent) and miscellaneous goods & services (+0.1 percent). Cost remained unchanged for: furnishing, household and routine maintenance. In contrast, downward prices pressures came from  alcoholic beverages & tobacco (-0.1 percent) and clothing & footwear (-0.2 percent). 

Malaysia Inflation Rate Above Forecasts in August


Statistics Malaysia l Rida Husna | rida@tradingeconomics.com
9/21/2016 4:27:59 AM