Malaysia Inflation Rate at 3-Month High of 0.6% in October

Malaysia's consumer price inflation rose to 0.6 percent year-on-year in October of 2018 from 0.3 percent in the previous month and matching market expectations. It was the highest inflation rate since July, due to a jump in prices of food and a faster rise in cost of transport while housing inflation was steady.

Year-on-year, prices of food & non-alcoholic beverages increased by 1.2 percent, much stronger than a 0.5 percent rise in September. It marked the highest food inflation in five months, mainly driven by prices of vegetables (3 percent vs -1.2 percent in September); fish & seafood (0.8 percent vs 0.4 percent); and food away from home (2.7 percent vs 2.6 percent).

Also, cost advanced faster for: restaurants and hotels (1.2 percent vs 1.1 percent); and transport (0.8 percent vs 0.3 percent), while inflation was steady for housing, water, electricity, gas, & other fuels (at 2.1 percent); and education (at 1.1 percent). Meantime, cost continued to fall for: recreation services & culture (-0.2 percent vs -0.2 percent); health (-0.2 percent vs -0.2 percent); furnishings, household equipment & routine maintenance (-0.3 percent vs -0.8 percent); alcoholic beverages & tobacco (-0.8 percent vs -0.9 percent); communication (-1.5 percent vs -1.6 percent); miscellaneous goods & services (-2.8 percent vs -3 percent); and clothing and footwear (-3.1 percent vs -3.2 percent).

Core consumer prices went up 0.4 percent year-on-year in October, compared to a 0.3 percent gain in a month earlier and hitting the second straight month of gain.

On a monthly basis, consumer prices went up 0.2 percent, after a 0.4 percent rise in the preceding month and marking the fourth straight monthly increase.

Malaysia Inflation Rate at 3-Month High of 0.6% in October

Statistics Malaysia l Rida |
11/23/2018 4:58:45 AM