Malaysia's inflation rate remained stable in August following slower price increases in food and non-alcoholic beverages.
Most recently, the National Statistics Department (DOSM) reported that the annual consumer price index (CPI) increased at 2%, unchanged from the previous month and in line with market forecasts.
Meanwhile, core inflation (excluding the price of fresh food and government-controlled goods) decreased to 2.5% from 2.8% previously.
Scrutinize the comprehensive details of the Malaysian CPI component that measures the inflation rate.
Food and non-alcoholic beverages fell to 4.1% from 4.4%
The transport sector rose to 0% from -0.4%
The restaurant and hotel sector declined to 4.7% from 5.0%
Housing care, furniture and household appliances sector decreased to 1.7% from 1.9%
The other goods and services sector fell to 2.4% from 2.6%
Recreation and culture sector down to 1.0% from 1.1%
Housing, water, electricity, gas and fuel sectors rose 1.8% from 1.7%
The education sector rose to 2.1% from 2.0%
The health sector increased to 2.4% from 2.0%
The communications sector was unchanged at -3.7%
Clothing and footwear fell to 0% from 0.1%
Alcoholic beverages and tobacco unchanged at 0.5%
In addition, inflation in urban areas fell to 2.0% compared to 2.1% previously and rural areas remained unchanged at 1.9%.
Malaysia's inflation is still among the lowest compared to several other countries except Thailand (0.4%), where Europe (5.2%), the United States (3.7%), the Philippines (4.7%), Indonesia (3.3%) and South Korea (3.4%) .
