Malaysia Inflation

Malaysia

Malaysia: Inflation rises in August

September 17, 2014

Consumer prices increased 0.2% over the previous month in August, which was up slightly from the 0.1% rise registered in July. August’s result was driven by higher prices for food and non-alcoholic beverages as well as for transport. In contrast, prices for alcoholic beverages and tobacco decreased compared to the previous month.

Annual inflation ticked up from 3.2% in July to 3.3% in August, which was just above market expectations of inflation holding steady at 3.2%. Annual average inflation increased from July’s 3.1% to 3.2%, which marked the highest level in more than two years. A series of subsidy cuts the government introduced to ease concerns over the fiscal deficit is partially contributing to inflationary pressures.

FocusEconomics Consensus Forecast panelists expect inflation to average 3.3% in 2014, which is unchanged from last month’s projection. For 2015, the panel sees inflation rising to 3.6%.


Author: Angela Bouzanis, Senior Economist

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