Malaysia Inflation Rate at 3-Month Low of 1.4% in October
Consumer prices in Malaysia rose 1.4 percent year-on-year in October of 2016, compared to a 1.5 percent increase in September. It was the lowest figure since July while market expected a 1.5 percent gain, as prices of food and non alcoholic beverage rose at a slower pace while inflation for housing & utilities were steady and cost of transport fell at the same pace as in a month earlier.
Year-on-year, cost rose at a slower pace for: food & non-alcoholic beverages (+2.5 percent from +3.0 percent in September), restaurants & hotels (+2.0 percent from +2.2 percent), but rose slightly faster for alcoholic beverages & tobacco (+19.8 percen from +19.7 percentt); recreation services & culture (+3.5. percent from +3.4 percent); furnishing, household equipment & routine maintenance (+1.5 percent from 1.3 percent), and health (+2.3 percent from +2.2 percent). Inflation was steady for: miscellaneous goods & services (+1.5 percent); housing, water, electricity, gas & other fuels (+2.1 percent), and education (+2.0 percent). In contrast, prices declined for: clothing & footwear (-0.5 percent), transport (-5.5 percent), and communication (-2.6 percent).
11/25/2016 5:17:05 AM
Among food & non-alcoholic beverages, customers had to pay more for: food (+2.6 percent from +3.1 percent); food at home (+2.2 percent from +2.8 percent); rice, bread & other cereals (+1.0 percent from +1.0 percent); meat (+2.4 percent from +4.2 percent); fish & seafood (+5.0 percent from +4.8 percent); milk & eggs (+0.2 percent from +0.9 percent), oils & fats (+0.3 percent from +0.3 percent), fruits (+3.1 percent from +3.3 percent); sugar, jam, honey, chocolate & confectionary (+2.0 percent from +1.9 percent); food products (+5.8 percent from +6.1 percent), food away from home (+3.3 percent from +3.4 percent) and coffee, tea, cocoa & non-alcoholic beverages (+0.3 percent from +0.2 percent). In contrast, prices of vegetables fell 1.1 percent (from +1.6 percent in September).
Core consumer prices rose 2.0 percent year-on-year in October, compared to a 2.1 percent gain in September.
On a monthly basis, consumer prices rose 0.3 percent, after falling 0.3 percent in a month earlier. Prices went up for: alcoholic beverages & tobacco (+0.1 percent); housing, water, electricity, gas & other fuels (+0.3 percent); furnishings, household equipment and routine maintenance (+0.2 percent), health (+0.3 percent), transport (+3.1 percent) and recreation services & culture (+0.1 percent), education (+0.2 percent). In contrast, cost declined for: food and alcoholic beverages (-0.2 percent) and miscellaneous goods & services (-0.1 percent). Prices remained unchanged for: clothing and footwear, communication and restaurants and hotels.