Malaysia April Inflation Rate Rises to 1.4%

Malaysia's consumer price inflation edged up to 1.4 percent year-on-year in April of 2018 from 1.3 percent in the previous month and below market expectations of 1.6 percent. Prices rebounded for transport and rose more for restaurants & hotels and recreation and culture. Conversely, cost eased for food & non-alcoholic beverages and inflation was steady for housing & utilities.

Year-on-year, prices rebounded for transport (0.4 percent from -1.5 percent in March) and were higher mainly for restaurants and hotels (2.2 percent from 2 percent); recreation services & culture (0.6 percent from 0.5 percent); health (2.1 percent from 2 percent) and alcoholic beverages & tobacco (0.2 percent from 0.1 percent).

Meanwhile, cost increased at a softer pace for food & non-alcoholic beverages (2.6 percent from 2.8 percent) and furnishings, household equipment & routine maintenance (1.8 percent from 2.1 percent). At the same time, inflation was steady for: housing, water, electricity, gas & other fuels (2 percent);  miscellaneous goods & services (0.4 percent) and education (1.1 percent). Also, prices continued to fall for clothing and footwear (-0.8 percent from -0.7 percent) and communication (-0.7 percent from -0.7 percent). 

Annual core inflation fell to 1.5 percent in April from 1.7 percent in March and reaching the lowest figure on record.

On a monthly basis, consumer prices were flat, after a 0.3 percent fall in March.

Malaysia April Inflation Rate Rises to 1.4%

Statistics Malaysia l Rida |
5/23/2018 10:18:12 AM