Malaysia's consumer price inflation increased to 0.9 percent year-on-year in July of 2018 from a near 3-1/2 year low of 0.8 percent in the previous month and matching market expectations. Inflation rose for both housing and transport while food inflation eased.
Year-on-year, prices rose at a faster pace for housing, water, electricity, gas, and other fuels (2.0 percent from 1.5 percent in June); transport (6.7 percent from 5.5 percent) and education (1.0 percent from 0.9 percent). Additionally, cost fell less for recreation services & culture (-2.4 percent from -2.5 percent) and clothing and footwear (-3.0 percent from -3.1 percent).
Meantime, prices increased at a softer pace for food & non-alcoholic beverages (0.7 percent from 0.8 percent); restaurants and hotels (1.0 percent from 1.3 percent) while cost of health was flat after rising 0.3 percent in June. Also, prices continued to decline for furnishings, household equipment & routine maintenance (-1.7 percent from -1 percent); miscellaneous goods & services (-3.0 percent from -2.6 percent); alcoholic beverages & tobacco (-0.8 percent from -0.7 percent) and communication (-3.9 percent, the same pace as in June).
Annual core inflation decreased 0.2 percent in July after an increase of 0.1 percent in June, and marking the first deflation since the series began in 2016.
On a monthly basis, consumer prices went up 0.2 percent, after falling 1.2 percent in the prior month.
8/24/2018 9:11:30 AM