Malaysia Inflation Rate Eases in September
Consumer prices in Malaysia rose 2.6 percent year-on-year in September of 2015, slowing from 3.1 percent in August and below market expectations. A further decline in cost of transport offset a small increase in cost of food & non-alcoholic beverages while cost of housing & utilities remained steady.
10/23/2015 5:40:45 AM
Year-on-year, prices increased for: food & non-alcoholic beverages (+4.3 percent in September from +4.2 percent in August); communication (+3.2 percent from +3.0 percent); recreation services & culture (+2.3 percent from +2.1 percent); restaurants & hotels (+4.6 percent from +4.5 percent) and miscellaneous goods & services (+5.6 percent from +4.5 percent). In contrast, cost declined for transport (-3.8 percent from -1.2 percent). Prices remained steady for: clothing & footwear (+0.7 percent); housing, water, electricity, gas & other fuels (+2.7 percent); furnishing, household equipment & routine maintenance (+3.7 percent) and education (+2.5 percent). Cost moderated for: alcoholic beverages & tobacco (+9.8 percent from +13.4 percent) and health (+4.6 percent from +4.7 percent).
Among food & non-alcoholic beverages, customers had to pay more for: food (+4.4 percent in September from +4.3 percent in the preceding month); food at home (+4.4 percent from +4.3 percent); rice, bread & other cereals (+1.7 percent from +2.0 percent); fish & seafood (+6.2 percent from +4.8 percent); oils & fats (+0.9 percent from +0.9 percent), fruits (+5.9 percent from +5.4 percent); vegetables (+10.5 percent from +10.1 percent); sugar, jam, honey, chocolate & confectionery (+2.0 percent from +2.1 percent); food products (+5.4 percent from +5.3 percent) and food away from home (+4.4 percent from +4.4 percent) and coffee, tea, cocoa & non-alcoholic beverages (+3.2 percent from +3.2 percent).
On a monthly basis, consumer prices dropped 0.3 percent in September, after remaining unchanged in the preceding month. While price declined for transport (-2.7 percent), cost remained unchanged for alcoholic beverages & tobacco; housing & utilities; furnishing, household equipment & routine maintenance and education. Cost increased for food & non-alcoholic beverages (+0.2 percent); clothing & footwear (+0.2 percent); health (+0.3 percent) and miscellaneous goods & services (+1.0 percent).
Considering the first nine months of 2015, consumer prices rose 1.9 percent.