Malaysia Inflation Rate at 13-Month Low of 2.7%

Consumer prices in Malaysia rose 2.7 percent year-on-year in January of 2018, after a 3.5 percent rise in the prior month while market estimated a 2.9 percent gain. It was the lowest inflation rate since December 2016, mainly due to a slowdown in cost of food & non-alcoholic beverages and transport.

Year-on-year, prices increased at a slower pace for: food & non-alcoholic beverages (3.8 percent from 4.1 percent in December); transport (5.7 percent from 11.5 percent); education (1.2 percent from 1.7 percent) and restaurants and hotels (2.4 percent from 2.6 percent). Meantime, cost went up more for furnishings, household equipment & routine maintenance (2.6 percent from 2.4 percent) while inflation was steady for: alcoholic beverages & tobacco (0.2 percent); housing, water, electricity, gas & other fuels (2.2 percent); health (2.3 percent from 2.3 percent) and recreation services & culture (0.5 percent). On the other hand, cost continued to fall for clothing (-0.3 percent from -0.5 percent) and communication (-0.6 percent from -0.5 percent).  

Annual core inflation stood at 2.2 percent from a year earlier, the same as in December. It remained the lowest figure since December 2016.

On a monthly basis, consumer prices increased by 0.3 percent, following a 0.1 percent rise in a month earlier. 

Malaysia Inflation Rate at 13-Month Low of 2.7%

Statistics Malaysia l Rida Husna |
2/28/2018 8:00:14 AM