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Malaysia inflation rate at 15-month low

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Staff Writer | July 21, 2016
Consumer prices in Malaysia rose 1.6 percent year-on-year in June of 2016, compared to a 2 percent gain in May.
Malaysia
Asia   Core consumer prices rose by 2.1 percent
It was the lowest inflation figure since March 2015 as prices of food went up slightly while cost of transport fell further and cost of housing & utilities were steady.

Year-on-year, upward prices pressure came from: food & non-alcoholic beverages (+4.2 percent in June from +4.1 percent in May); alcoholic beverages & tobacco (+21.9 percent from +22.1 percent); housing, water, electricity, gas & other fuels (+2.4 percent from +2.4 percent); furnishing, household equipment & routine maintenance (+1.7 percent from +2.2 percent);.

Health (+2.0 percent from +2.0 percent); recreation services & culture (+1.4 percent from +1.5 percent), education (+2.1 percent from +2.2 percent), restaurants & hotels (+2.2 percent from +2.5 percent) and miscellaneous goods & services (+2.3 percent from +2.5 percent).

In contrast, cost declined for clothing & footwear (-0.6 percent from -0.9 percent), transport (-8.5 percent from -5.6 percent) and communication (-2.2 percent from -2.2 percent).

Among food & non-alcoholic beverages, customers had to pay more for: food (+4.4 percent in June from +4.2 percent in May); food at home (+4.9 percent from +4.6 percent); rice, bread & other cereals (+0.8 percent from +0.9 percent); meat (+2.2 percent from +0.3 percent); fish & seafood (+7.8 percent from +6.6 percent); milk & eggs (+2.2 percent from +1.1 percent).

Oils & fats (+0.1 percent from +0.4 percent), fruits (+5.6 percent from +6.1 percent); vegetables (+12.5 percent from +15.3 percent); sugar, jam, honey, chocolate & confectionary (+1.7 percent from +1.8 percent); food products (+5.8 percent from +5.3 percent) and food away from home (+3.6 percent from +3.6 percent) and coffee, tea, cocoa & non-alcoholic beverages (+0.7 percent from +0.6 percent).

Core consumer prices rose by 2.1 percent year-on-year in June, the same pace as in May.

On a monthly basis, consumer prices rose 0.2 percent, after gaining 0.3 percent in a month earlier. Prices were higher for: food & non-alcoholic beverages (+0.5 percent); furnishing, household equipment & routine maintenance (+0.1 percent), health (+0.4 percent) and education (+0.1 percent).

Downward prices pressures came from: transport (-0.1 percent) and restaurants and hotels(-0.1 percent). Prices remained unchanged for: alcoholic beverages & tobacco, clothing and footwear; housing, water, electricity, gas & other fuels, communication, recreation services & culture and miscellaneous goods & services.

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