Malaysia Inflation Rate at 20-Month Low of 1.3% in March
Consumer prices in Malaysia increased 1.3 percent year-on-year in March of 2018, after a 1.4 percent rise in the prior month while markets estimated a 1.6 percent gain. It was the lowest inflation rate since July 2016, due to a slowdown in cost of food & non-alcoholic beverages while prices of transport fell more than in a month earlier.
4/18/2018 10:15:00 AM
Year-on-year, prices increased at a slower pace for both food & non-alcoholic beverages (2.8 percent from 3 percent in February) and health (2 percent from 2.1 percent). Meantime, inflation was steady for: housing, water, electricity, gas & other fuels (2 percent); miscellaneous (0.4 percent); education (1.1 percent); furnishings, household equipment & routine maintenance (2.1 percent), and alcoholic beverages & tobacco (0.1 percent). Meanwhile, cost rose faster for both restaurants and hotels (2 percent from 1.8 percent in the previous month) and recreation services & culture (0.5 percent from 0.4 percent),
In addition, prices fell more than in a month earlier for both transport (-1.5 percent from -0.3 percent in February) and communication (-0.7 percent from -0.5 percent) while prices of clothing dropped 0.7 percent, the same as in the prior month.
Annual core inflation fell to 1.7 percent from a year earlier, from 1.8 percent in February. It was the lowest figure on record.
On a monthly basis, consumer prices edged down 0.3 percent, after being flat in a month earlier.