Malaysia Inflation Rate Eases to 3.7% in October

Consumer prices in Malaysia rose 3.7 percent from a year earlier in October of 2017, slowing from a 4.3 percent rise in the prior month. The figure came below market consensus of a 4.0 percent increase, mainly due to a slowdown in cost of food & non-alcoholic beverages and transport while inflation was steady for housing & utilities.

Year-on-year, prices increased less for: food & non-alcoholic beverages (4.4 percent from 4.6 percent in September); furnishings, household equipment & routine maintenance (2.6 percent from 2.8 percent); health (2.4 percent from 2.5 percent) and transport (12.1 percent from 15.8 percent). Cost rose at a faster pace for: restaurants and hotels (2.7 percent from 2.6 percent) and miscellaneous goods & services (1.2 percent from 1.1 percent). Meanwhile, inflation was steady for: housing, water, electricity, gas & other fuels (2.4 percent); recreation services & culture (0.4 percent) and education (1.6 percent). On the other hand, cost fell for: clothing and footwear (-0.4 percent from -0.3 percent) and communication (-0.4 percent from -0.3 percent).

Annual core inflation edged down to 2.3 percent from 2.4 percent in September.

On a monthly basis, consumer prices declined by 0.2 percent in October, after a 0.3 percent rise in a month earlier. It was the first drop in consumer prices since July, as cost declined for: food & non-alcoholic beverages (-0.5 percent); clothing and footwear (-0.1 percent); transport (-0.2 percent) and communication (-0.1 percent). In contrast, cost went up for: alcoholic beverages & tobacco (0.1 percent); health (0.1 percent); recreation services & culture (0.1 percent); restaurants and hotels (0.1 percent) and miscellaneous goods & services (0.1 percent). Meantime, cost was flat for: housing, water, electricity, gas & other fuels; furnishing, household equipment & routine household maintenance and education.

Malaysia Inflation Rate Eases to 3.7% in October

Statistics Malaysia | Rida Husna |
11/24/2017 11:24:53 AM