Malaysia Inflation Rate Down to 12-Month Low

Malaysian annual inflation rate decelerated sharply to 2.6 percent in September of 2014 from 3.3 percent in August. It is the lowest rate in a year mainly due to a slowdown in transport cost.

Food and non-alcoholic beverages prices increased 3.2 percent year-on-year in September, compared with a 3.3 increase in August.

Non-food prices increased 2.3 percent in September, slowing from a 3.3 percent rise in August. Transport cost rose at a slower 0.5 percent in September, down from a 5.5 percent increase in August and restaurant and hotels prices also decelerated to 4.8 percent in September from 5.1 percent in August. Cost of housing, water, electricity, gas and fuels increased 3.4 percent in September (same as August), while alcoholic beverages and tobacco prices increased 14.8 percent in September, following an 11.6 percent rise in August.

On a monthly basis, inflation rate was 0.2 percent in September, the same value registered in August. Both food and non-food prices also increased 0.2 percent month-on month in September. Housing, water, electricity, gas and other fuels prices were flat after an increase of 0.6 percent in the previous month and transport prices decreased 0.2 percent in September following a 0.1 percent increase in August.

Malaysia Inflation Rate Down to 12-Month Low

Department of Statistics, Malaysia | Ricardo Martins |
10/17/2014 11:48:51 AM