Malaysia Inflation Below Expectations in December

Consumer prices in Malaysia rose 2.7 percent in December of 2014, easing from a 3 percent growth in the previous month as increase in cost of food, housing and transport slowed.

Year-on-year, food and non-alcoholic beverages prices increased 2.4 percent, as compared to a 2.9 percent rise in November. Among this group, cost of vegetables declined (-1.0 percent in December from +4.2 percent in November). Prices grew slower for food at home (+1.8 percent from +2.5 percent), food away from home (+3.8 percent from +4.0 percent) and meat (+0.8 percent from +2.3 percent). Customers had to pay more for milk and eggs (+6.2 percent from +4.9 percent) and fruits (+2.5 percent from -1.8 percent). Prices of alcoholic beverages & tobacco increased slightly by 10.6 percent (10.5 percent in November).

Prices of non-food accelerated 2.8 percent, slowing from a 3.1 percent rise in November and cost of education grew 2.2 percent. The increase was also slower for housing, water, electricity, gas & other fuels (+3.4 percent from +3.5 percent); furnishing and household equipment (+0.6 percent from +0.8 percent); health (+3.3 percent) from +3.4 percent); transport (+4.0 percent from +5.0 percent), recreation  & culture (+0.0 percent from +1.3 percent) and restaurant and hotels (+4.1 percent from +4.3 percent). Cost of clothing (-0.3 percent from -0.4 percent) and communication (-0.9 percent from -0.9 percent) declined.

On a monthly basis, consumer prices declined by 0.1 percent, following a  0.5 percent increase in the preceding month. Price decreases were reported for: transport (-1.3 percent), clothing and footwear (-0.3 percent) and routine household maintenance (-0.3 percent). In contrast, increases were recorded for food & non-alcoholic beverages (+0.3 percent), miscellaneous goods & services (+0.3 percent) and health and education (+0.1 percent).

From January to December of 2014, Malaysia's inflation stood at 3.2 percent as compared to the previous year. 

Malaysia Inflation Below Expectations in December

Statistics Malaysia l Rida Husna l
1/21/2015 12:49:19 PM