Malaysia Inflation Rate Edges Higher to 0.3% in September
Malaysia's consumer price inflation inched up to 0.3 percent year-on-year in September of 2018 from a 3-1/2-year low of 0.2 percent in the previous month and below market expectations of 0.8 percent. Prices were slightly higher for food and housing & utilities.
Year-on-year, prices advanced faster for food & non-alcoholic beverages (0.5 percent vs 0.4 percent in August); housing, water, electricity, gas, & other fuels (2.1 percent vs 2 percent); and restaurants and hotels (1.1 percent vs 0.7 percent). In addition, cost fell at a softer pace for recreation services & culture (-0.2 percent vs -2.2 percent); communication (-1.6 percent vs -4.0 percent); furnishings, household equipment & routine maintenance (-0.8 percent vs -1.7 percent); and alcoholic beverages & tobacco (-0.9 percent vs -1.0 percent). On the other hand, prices slowed for transport (0.3 percent vs 2.1 percent) and continued to decline for miscellaneous goods & services (-3 percent, the same as in August)and clothing and footwear (-3.2 percent vs -2.9 percent). Also, cost of health dropped 0.2 percent, after a flat reading in a month earlier and inflation was steady for education (at 1.1 percent).
Core consumer prices increased 0.3 percent year-on-year in September, compared to a 0.2 percent fall in August and reaching the first rise in three months.
On a monthly basis, consumer prices went up 0.4 percent, after a 0.2 percent rise in the preceding month. It was the highest monthly figure since November 2017.
10/26/2018 9:00:58 AM