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 | +603 9280 2163 | ||
Vincent Loo Yeong Hong | Malaysia, Vietnam, | +603 9280 2172 | ||
Ng Kee Chou | Singapore, Thailand | +603 9280 2179 | ||
Rizki Fajar | Indonesia, Philippines | +6221 2970 7065 | ||
Aris Nazman Maslan | Malaysia, Vietnam | +603 9280 2184 | ||
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