Malaysia'S Consumer Goods Prices, Clothing And Footwear Fell 1.5% In September

2010/10/26 14:42:00 65

according to

Malaysia

According to statistics released by the Statistics Bureau, consumer prices in the country (2010) in September

index

It was 114.4, an increase of 1.8% over the same period last year (112.4), a 3 month low and a 2.1% lower than the market forecast.

Malaysia economists believe that, because of the currency exchange,

US dollar exchange rate

The intensity of the inhibition of import inflation, coupled with the slowing down of food and pportation prices after the festival, led to a lower inflation rate than expected in September, and provided the central bank with a temporary interest rate increase. It is expected that the central bank will continue to maintain overnight interest rates to 2.75% by the end of this year.

In September, the prices of major consumer goods increased significantly, including alcoholic beverages and cigarettes (up 3.1%), miscellaneous products and services (up 2.8%), and non-alcoholic beverages and foods (up 2.3%).

Other items of rising prices include leisure, service and culture (up 2.1%), education (up 1.7%), restaurants and hotels (up 1.7%), health care (up 1.6%), pportation (up 1.3%), property, water, electricity, gas and other fuels (up 1.1%), home appliances, household equipment and daily necessities (up 0.6%).

The decline was for clothing and footwear (down 1.5%) and newsletter (down 0.3%).

The cumulative consumer price index for Malaysia from 1 to September is 113.6 points, up 1.5% from 111.9 in the same period last year.