Malaysia Inflation Rate Up to 1.8% in May

In May of 2013, the annual inflation rate increased for the fifth consecutive month to 1.8 percent, from 1.7 percent in April, on the back of higher food prices. It is the highest rate in the last twelve months.
Joana Taborda | 6/19/2013 10:33:53 AM
In May of 2013, prices of food and non-alcoholic beverages were the main contributors to the overall growth, and rose 3.5 percent yoy, from 3.8 percent in April.  Prices for vegetables recorded the highest increase (+8.6 percent), followed by prices for sugar, jam, honey and chocolate (+4.9 percent) and meat (+ 4.9 percent). 

In the same period, prices for housing, water, electricity, gas and other fuels increased to an annual rate of 2 percent, from 1.3 percent in April.

Although accounting for less than 7 percent of the overall CPI, prices for restaurants and hotels, education and health recorded high annual increases (2.3 percent, 2.3 percent, and 2.2 percent respectively, from 2.3 percent, 2.1 percent and 2.1 percent respectively in April).

The prices for clothing and footwear, communication and recreation and culture slightly decreased.

On a monthly basis, the inflation rate increased by 0.3 percent in May, from 0.1 percent in April. Increases were for main groups housing, water, electricity, gas and other fuels (+ 1.0 percent); food and non-alcoholic beverages (+ 0.4 percent); health; education and restaurants and hotels by 0.2 percent respectively. On the other hand, decreases were for miscellaneous goods and services (- 0.6 percent); furnishings, household equipment and routine household maintenance; transport and recreation services and culture by 0.1 percent respectively. The indices for alcoholic beverages and tobacco; clothing and footwear and communication remained unchanged.

Malaysia Inflation Rate Up to 1.8% in May