Malaysia Consumer Prices Rise Less than Expected
Malaysia's consumer price increased 0.2 percent year-on-year in March 2019, rebounding from a 0.4 percent fall in the previous month but lower than an expected 0.3 percent rise. It was the first increase in consumer prices since December last year, as food prices rose faster and housing inflation was steady while transport prices fell less than a month earlier
4/24/2019 7:24:48 AM
Year-on-year, cost of food & non-alcoholic beverages went up faster (1.1 percent from 1 percent in February). Among food, cost continued to rise for: food away from home (3.4 percent, the same as in February); fish & seafood (0.1 percent, the same as in the prior month); milks & eggs (2.0 percent vs 1.8 percent).
In addition, prices of furnishings, household equipment & routine maintenance went up 0.3 percent, accelerating from a 0.1 percent gain in February.
On the other hand, inflation was steady for housing, water, electricity, gas, & other fuels (at 2 percent); alcoholic beverages & tobacco (at 1.1 percent), and education (at 1.3 percent) while cost rose softer for restaurants and hotels (1.0 percent vs 1.3 percent).
Meantime, transport prices dropped 3.0 percent in March, compared to a 6.8 percent fall in February, following the government's recent decision to change its fuel subsidy model by setting prices every week. At the same time, cost continued to decline for: miscellaneous goods & services (-2.0 percent vs -2.2 percent in February); recreation services & culture (-0.4 percent, the same as in February); communication (-1.1 vs -1.2 percent); clothing and footwear (-3.0 percent vs -3.2 percent); and health (-0.2 percent vs -0.4 percent).
Core consumer prices rose 0.5 percent year-on-year in March, faster than a 0.3 percent gain in February. It was the seventh straight month of increase in core consumer prices and marking the highest core inflation since November last year.
On a monthly basis, consumer prices rose by 0.2 percent in March, the same as in February.