Malaysia Inflation Rate Slightly Above Consensus


Consumer prices in Malaysia rose 3.1 percent year-on-year in August of 2015, easing from 3.3 percent in July but slightly above market consensus. A decline in cost of transport offset an increase in cost of food & non-alcoholic beverages and housing & utilities.

Year-on-year, upward price pressures came from: food & non-alcoholic beverages (+4.2 percent in August from +3.8 percent in July); alcoholic beverages & tobacco (+13.4 percent from +13.3 percent); clothing & footwear (+0.7 percent from +0.9 percent); housing, water, electricity, gas & other fuels (+2.7 percent from +2.5 percent); furnishing, household equipment & routine maintenance (+3.7 percent from +3.9 percent); health (+4.7 percent from +4.8 percent); communication (+3.0 percent from +2.8 percent); recreation & culture (+2.1 percent from +1.9 percent); restaurants & hotels (+4.6 percent from +4.5 percent); education (+2.5 percent from +2.4 percent); restaurants & hotels (+4.5 percent from +4.6 percent) and miscellaneous goods & services (+4.5 percent from +4.7 percent). Cost declined only for transport (-1.2 percent from +1.6 percent). Downward price pressures came from the cost of transport (-1.2 percent from +1.6 percent). 

Among food & non-alcoholic beverages, customers had to pay more for: food (+4.3 percent in August from +3.8 percent in the preceding month); food at home (+4.3 percent from +3.6 percent); rice, bread & other cereals (+2.0 percent from +1.9 percent); fish & seafood (+4.8 percent from +4.1 percent); oils & fats (+0.9 percent from +0.7 percent), fruits (+5.4 percent from +4.8 percent); vegetables (+10.1 percent from +7.5 percent); sugar, jam, honey, chocolate & confectionery (+2.1 percent from +2.0 percent); food products (+5.3 percent from +5.1 percent) and food away from home (+4.4 percent from +4.2 percent). Cost moderated for milk & eggs (+3.5 percent from +4.3 percent).

On a monthly basis, consumer prices remained unchanged in August, following a 0.8 percent rise in the preceding month. Price increased for food & non-alcoholic beverages (+0.5 percent); alcoholic beverages & tobacco (+0.1 percent); housing, water, electricity, gas & other fuels (+0.7 percent); furnishing, household equipment & routine maintenance (+0.3 percent); health (+0.1 percent); recreation services & culture (+0.2 percent); education (+0.3 percent) and restaurants & hotels (+0.2 percent). While cost remained unchanged for miscellaneous goods & services, cost declined for transport (-2.7 percent) and clothing (-0.2 percent).

During January to August 2015, consumer prices rose 1.9 percent.

Malaysia Inflation Rate Slightly Above Consensus


Statistics Malaysia l Rida Husna | rida@tradingeconomics.com
9/23/2015 5:45:50 AM