Malaysia November Inflation Rate at 3-Month Low of 0.2%
Malaysia's consumer price inflation slowed to 0.2 percent year-on-year in November of 2018 from 0.6 percent in the previous month and far below market expectations of 0.6 percent. It was the lowest inflation rate since August, due to a softer rise in cost of both food and housing and a slump in prices of transport. On a monthly basis, consumer prices went up 0.2 percent, the same pace as in the preceding month and marking the fifth straight monthly increase.
12/19/2018 4:50:20 AM
Year-on-year, prices of food & non-alcoholic beverages increased by 1.1 percent, lower than a 1.2 percent rise in October, mainly due to a slower rise in prices of vegetables (0.8 percent vs 3 percent in October); fish & seafood (0.5 percent vs 0.8 percent) while meat prices fell faster (-2.2 percent vs -0.3 percent). Also, cost rose softer for: housing, water, electricity, gas, & other fuels (2.0 vs 2.1 percent) while inflation was steady for restaurants and hotels (at 1.2 percent).
Additionally, prices dropped for transport (-2.3 percent vs 0.8 percent) while prices continued to fall for recreation services & culture (-0.3 percent vs -0.2 percent); health (-0.2 percent vs -0.2 percent); furnishings, household equipment & routine maintenance (-0.1 percent vs -0.3 percent); communication (-1.3 percent vs -1.6 percent); miscellaneous goods & services (-2.6 percent vs -2.8 percent); and clothing and footwear (-3.1 percent vs -3.1 percent).
On the other hand, prices went up faster for education (1.4 percent vs 1.1 percent) while prices of alcoholic beverages & tobacco rebounded (1 percent vs -0.8 percent).
Core consumer prices rose 0.5 percent year-on-year in November, compared to a 0.4 percent gain in a month earlier and hitting the third straight month of gain.
On a monthly basis, consumer prices went up 0.2 percent, the same pace as in the preceding month and marking the fifth straight monthly increase.