Malaysia: Inflation surprised to the upside in May – UOB
28.06.2022, 12:34

Malaysia: Inflation surprised to the upside in May – UOB

UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting review the latest inflation figures in Malaysia.

Key Takeaways

“Headline inflation accelerated to 2.8% y/y in May (from 2.3% in Apr), surpassing our estimate (2.6%) and Bloomberg consensus (2.7%). Approximately 67% of 12 consumer price index (CPI) components recorded a larger annual gain in prices as compared to the preceding month, led by food & non-alcoholic beverages, transport, recreation services & culture, restaurants & hotels, as well as housing, utilities & other fuels segments. This suggests broader second-round effects on consumer prices from higher energy prices, raw material and labour shortages.”

“Going into 2H22, we expect CPI growth to trend higher as low-base effects kick in and the government has begun to gradually adjust prices of administered item amid elevated global commodity prices, currency weakness, and recovering domestic demand. Headline CPI growth may breach 5.0% at some point in 3Q22 should headwinds persist and the government further adjust subsidies for other price-administered items, posing upside risks to our 2022 full-year headline inflation outlook which is at 3.0% currently (BNM est: 2.2%-3.2%, 2021: 2.5%).”

“Given signs of broader second-round effects on consumer prices, ongoing domestic recovery, and latest developments in global financial markets, we think there is room for Bank Negara Malaysia (BNM) to follow-through with another 25bps rate hike at both the 6 Jul and 8 Sep monetary policy meetings. Hence, our updated OPR projection is 2.50% by end-2022.”

© 2000-2025. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik