Malaysia's Consumer Inflation Eased in June

By Ying Xian Wong

KUALA LUMPUR, Malaysia–Malaysia’s consumer-price growth slowed in June, mainly due to lower food prices.

The consumer-price index rose 2.4% in June from a year earlier, the country’s Department of Statistics said Monday. That compares with a 2.8% rise in May and in line with the median forecast for an increase of 2.4% taken from a survey of five economists by The Wall Street Journal.

Food and nonalcoholic beverages prices, which have a 29.5% weighting, rose 4.7%, easing from the 5.9% gain in May.

Core inflation, which strips out volatile prices of fresh food as well as prices of government-administered goods, rose 3.1% in June.

On a monthly basis, consumer prices in June increased 0.2%, the same as for May.

Below are the inflation figures for Malaysia by sector in June:

CPI % Change MoM % Change YoY 0.2 2.4 Sector Index Weighting % Change YoY Food & Non Alcoholic Drinks 29.50% 4.7 Housing, Utilities & Fuels 23.80% 1.8 Transport 14.60% 0 Misc Goods & Services 6.70% 2.6 Recreation Services & Culture 4.80% 1.6 Communication 4.80% -3.6

Write to Ying Xian Wong at [email protected]

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