FW: RHB | Malaysia | Higher Fuel Prices Push Up Inflation - RESEND

 

 

 

Economic Research			20 September 2017
Malaysia
Economic Update
Higher Fuel Prices Push Up Inflation   As expected, the headline inflation rate picked up to 3.7% YoY in August, from +3.2% in July. This was mainly due to a faster increase in transportation costs amid higher fuel prices, while prices of F&B also inched higher. Looking ahead, we expect the headline inflation rate to ease to 2.8% YoY in 2H (+4.1% in 1H) and average at 3.5% in 2017, up from +2.1% in 2016. The higher annual inflation rate is on account of generally higher fuel prices compared to last year, the removal of subsidies on prices of selected administered goods, higher business costs and weak MYR translating into higher import prices.   Economist:  Vincent Loo Yeong Hong  | +603 9280 2172 Economist:  Aris Nazman Maslan  | +603 9280 2184
To access our recent reports please click on the links below:   11 Sep : Strongest Industrial Activity In Eight Months 08 Sep : BNM To Maintain Rates Till Year End 07 Sep : Forex Reserves Surpasses The USD100bn Level 06 Sep : July’s Exports Improve Strongly After Festivities 05 Sep : M3 Picks Up, Loan Growth Edges Lower
Economics Team
Peck Boon Soon	Chief ASEAN Economist	bspeck@rhbgroup.com		+603 9280 2163
Vincent Loo Yeong Hong	Malaysia, Vietnam,	vincent.loo@rhgroup.com		+603 9280 2172
Ng Kee Chou	Singapore, Thailand	ng.kee.chou@rhbgroup.com		+603 9280 2179
Rizki Fajar	Indonesia, Philippines	rizki.fajar@rhbgroup.com		+6221 2970 7065
Aris Nazman Maslan	Malaysia, Vietnam	mohd.aris.nazman@rhbgroup.com		+603 9280 2184

 

 

RHB | Malaysia | M3 Lower, Loan Growth Upward Trend Continues

 

This message is intended only for the use of the person(s) to whom it is addressed and may contain information that is privileged or otherwise protected from disclosure. If you are not the intended recipient you are hereby notified that any use, review, disclosure or copying of this message and the information it contains is prohibited. If you receive the message in error, please notify the sender by reply e-mail and discard all its contents.   Thank You.