By Ying Xian Wong
KUALA LUMPUR–Malaysia’s consumer-price growth eased in September, mainly due to lower food prices.
The September consumer price index rose 1.9% from a year earlier, the Department of Statistics said Friday. That compares with a 2.0% increase in August and the median forecast for a 2.1% rise from a survey of nine economists by The Wall Street Journal.
Food and non-alcoholic beverages which has a 29.5% weighting on the index, rose 3.9% on year, easing after a 4.1% gain in August.
Core inflation, which strips out volatile prices of fresh food as well as prices of government-administered goods, rose 2.5% on year in September.
On an on-month basis, consumer prices in September increased 0.1%, compared with August’s 0.2% increase.
Below are the inflation figures for Malaysia by sector in September:
CPI % Change MoM % Change YoY 0.1 1.9 Sector Index Weighting % Change YoY Food & Non Alcoholic Drinks 29.50% 3.9 Housing, Utilities & Fuels 23.80% 1.6 Transport 14.60% -0.1 Misc Goods & Services 6.70% 2.5 Recreation Services & Culture 4.80% 0.6 Communication 4.80% -3.7
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