Malaysia Annual Inflation Rate Steady at 0.2% in December


Malaysia's consumer price inflation came in at 0.2 percent year-on-year in December 2018, unchanged from the previous month and below market consensus of 0.4 percent. It remained the lowest inflation rate since August, as cost of food slowed. On a monthly basis, consumer prices went up 0.1 percent in December, following a 0.2 percent rise in the preceding month and marking the sixth straight monthly gain.

Year-on-year, prices of food & non-alcoholic beverages increased by 0.7 percent in December, easing from a 1.1 percent rise in a month earlier. It was the lowest food inflation in three months, driven by a slowdown in prices of food away from home (2.7 percent vs 3.3 percent in November), declines in cost of rice, bread & other cereals (-0.4 percent vs -0.3 percent); fish & seafood (-0.1 percent vs 0.5 percent); oil & fats (-0.8 percent vs -0.7 percent); sugar, jam, honey (-2 percent vs -2.3 percent); and vegetables (-4.4 percent vs 0.8 percent). In addition, cost eased for education (1.1 percent vs 1.4 percent); and fell further for transport (-2.0 percent vs -2.3 percent); clothing and footwear (-3.2 percent vs -3.1 percent); and health (-0.4 percent vs -0.2 percent).

Meanwhile, prices advanced at a faster pace for restaurants and hotels (1.6 pct vs 1.2 percent) and alcoholic beverages & tobacco (1.1 percent vs 1 percent); and rebounded for furnishings, household equipment & routine maintenance (0.1 percent vs -0.1 percent). Also, cost continued to decrease for communication (-1.3 percent, the same as in November); recreation services & culture (-0.2 percent vs -0.3 percent); and miscellaneous goods & services (-2.4 percent vs -2.6 percent). Additionally, inflation was steady for housing, water, electricity, gas, & other fuels (at 2 percent, the same as in November).

Core consumer prices rose 0.4 percent year-on-year in December, compared to a 0.5 percent gain in a month earlier and reaching the fourth straight month of rise.

On a monthly basis, consumer prices went up 0.1 percent, following a 0.2 percent rise in the preceding month and marking the sixth straight monthly increase.

Malaysia Annual Inflation Rate Steady at 0.2% in December


Statistics Malaysia l Rida Husna | rida@tradingeconomics.com
1/24/2019 10:18:14 AM