Malaysia Inflation Rate Slows to 4-Month Low in September

Malaysia's annual inflation rate fell to 1.1 percent in September 2019 from 1.5 percent in the previous month and below market expectations of 1.4 percent. This was the lowest inflation rate since May, as food prices rose the least in four months, housing inflation eased and transport cost fell further.

Food & non-alcoholic beverage prices increased by 2.2 percent year-on-year in September, the least in four months, following a 2.6 percent rise in August. Cost rose less for milk & eggs (2.6 percent vs 3.4 percent), fruits (1.4 percent vs 1.7 percent), vegetables (2.6 percent vs 3.2 percent), food products n.e.c. (1.3 percent vs 1.4 percent), and food away from home (3.2 percent vs 4.4 percent). In addition, prices of oils & fats fell 0.1 percent, compared to a flat reading in August. In contrast, inflation was unchanged for rice, bread & other cereals (at 0.7 percent), while cost rose faster for meat (2 percent vs 0.6 percent), fish & seafood (1.6 percent vs 0.9 percent), and sugar, jam, honey & confectionery (0.8 percent vs a flat reading).

Prices also slowed for housing, water, electricity, gas, & other fuels (1.6 percent vs 1.8 percent), alcoholic beverages & tobacco (2.4 percent vs 2.5 percent), health (1.3 percent vs 1.4 percent), recreation services & culture (0.8 percent vs 2.3 percent), furnishing, household equipment & routine maintenance (1.3 percent vs 3.2 percent), and restaurants and hotels (1.4 percent vs 1.7 percent). In addition, cost fell further for transport (-2.2 percent vs -2.1 percent), clothing and footwear (-0.9 percent vs -1.1 percent), and communication (-0.1 percent vs 2.2 percent). On the other hand, prices went up faster for both miscellaneous goods & services (2.7 percent vs 2.5 percent), and education (1.8 percent vs 1.4 percent). 

Core consumer prices, which exclude most volatile items of fresh food as well as administered prices of goods and services, rose 1.5 percent in September, the least since May, after a 2 percent advance in August.  

On a monthly basis, consumer prices were flat in September, after a 0.2 percent gain in August.

Malaysia Inflation Rate Slows to 4-Month Low in September

Statistics Malaysia l Rida Husna |
10/23/2019 11:03:48 AM