Malaysia Inflation Rate Up to 2.8% in October


In October of 2013, Malaysian annual inflation rate accelerated for the second straight month to 2.8 percent, from 2.6 percent in September, as transport prices increased, still reflecting the cut in fuel subsidies.

Prices of alcoholic beverages and tobacco recorded the highest annual increase (16 percent), followed by transport prices (up by 4.9 percent, from 4.6 percent in September) and cost of non-durable goods (4.6 percent). Food prices slightly eased to 3.7 percent from 3.9 percent in the previous month and cost of housing, water, electricity and other fuels remained unchanged at 1.8 percent. Downward pressures came from prices of durable goods (dropped by 2.1 percent), communication (-0.5 percent), clothing and footwear (down by 0.4 percent) and recreation services (-0.1 percent).

From September to October, the inflation rate slowed to 0.4 percent, from 0.8 percent in the previous period. Increases were for main groups alcoholic beverages and tobacco (+ 11.0 percent); transport and restaurants and hotels (+0.3 percent, respectively); food (+ 0.2 percent) and health (+ 0.1 percent). On the other hand, miscellaneous goods and services decreased by 0.3 percent.

Malaysia Inflation Rate Up to 2.8% in October


Joana Taborda | joana.taborda@tradingeconomics.com
11/22/2013 9:28:14 AM