Malaysia Inflation Rate Edges Up in October
Malaysian annual inflation rate accelerated to 2.8 percent in October of 2014 from 2.6 percent in September, driven by higher food, transport and housing prices.
11/21/2014 1:00:11 PM
Year-on-year, food and non-alcoholic beverages prices increased at a slower 2.8 percent in October, compared with a 3.2 increase in September.
Non-food prices rose 2.7 percent with transport cost growing the most (5.3 percent from 0.5 percent in the previous month). Cost of housing, water, electricity, gas and fuels went up 3.4 percent, the same as in the previous month. Alcoholic beverages and tobacco prices rose marginally by 0.2 percent, following a 14.8 percent increase in September.
On a monthly basis, the inflation rate was recorded at 0.5 percent, up from 0.2 percent in September. Food cost fell 0.2 percent while non-food prices increased 0.9 percent. Transport prices surged 5.1 while cost of alcoholic beverages and tobacco prices fell 3.1 percent.