BNM: Lower inflation does not mean lower cost of living, CPI only tells part of story
Published . Updated .
Key takeaways
- KUALA LUMPUR (Nov 9): While Malaysia’s inflation rate has moderated, the easing trend does not necessarily translate into a lower cost of living for households, highlighting the difference between changes in consumer prices and the actual affordability of everyday necessities.
- Exposed: TIP, XLP, WMT, COST, PG
- Market reaction: price tracking starts with the next trading session.
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KUALA LUMPUR (Nov 9): While Malaysia’s inflation rate has moderated, the easing trend does not necessarily translate into a lower cost of living for households, highlighting the difference between changes in consumer prices and the actual affordability of everyday necessities.
Directly affected
- No company is named in this report.
Indirectly affected
- XRT SPDR S&P Retail ETF
SPDR S&P Retail ETF: it holds retailers. Linked by “consumer” (retail and consumer goods) in this story.
- XLY Consumer Discretionary Select Sector SPDR+5.7% 30d
Consumer Discretionary Select Sector SPDR: it holds retailers. Linked by “consumer” (retail and consumer goods) in this story.
- EWM iShares MSCI Malaysia ETF-0.6% 6d
iShares MSCI Malaysia ETF holds stocks listed in Malaysia, which this story is about (“malaysia”).
- EMB iShares J.P. Morgan USD Emerging Markets Bond ETF+0.3% 6d
iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in Malaysia
- EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-2.9% 30d
VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from Malaysia.
- EEM iShares MSCI Emerging Markets ETF-4.4% 17d
iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes Malaysia
- WMT Walmart+20.2% 30d
Walmart (variety stores): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.
- AMZN Amazon.com+5.3% 30d
Amazon.com (catalog and mail-order houses): retailers move with shopper spending and import costs. Linked by “consumer” (retail and consumer goods) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| XRT | +1.17% | +4.73% | base | after close | after close | after close | after close |
| XLY | +0.50% | +4.03% | base | after close | after close | after close | after close |
| EWM | -0.11% | +0.69% | base | after close | after close | after close | after close |
| EMB | -0.23% | +0.42% | base | after close | after close | after close | after close |
| EMLC | -0.30% | +0.30% | base | after close | after close | after close | after close |
| EEM | +3.03% | +3.88% | base | after close | after close | after close | after close |
| WMT | +1.78% | +2.99% | base | after close | after close | after close | after close |
| AMZN | -5.28% | +2.58% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
BNM: Lower inflation does not mean lower cost of living, CPI only tells part of story The Edge Malaysia
Source: The Edge Malaysia
Price since this story was published: Ishares Tr (TIP)
| Company | When | Move | Status |
|---|---|---|---|
| AMZN | three days earlier | +2.58% | final price |
| AMZN | five days earlier | -5.28% | final price |
| EEM | three days earlier | +3.88% | final price |
| EEM | five days earlier | +3.03% | final price |
| EMB | three days earlier | +0.42% | final price |
| EMB | five days earlier | -0.23% | final price |
| EMLC | three days earlier | +0.30% | final price |
| EMLC | five days earlier | -0.30% | final price |
| EWM | three days earlier | +0.69% | final price |
| EWM | five days earlier | -0.11% | final price |
| Walmart (WMT) | three days earlier | +2.99% | final price |
| Walmart (WMT) | five days earlier | +1.78% | final price |
| XLY | three days earlier | +4.03% | final price |
| XLY | five days earlier | +0.50% | final price |
| XRT | three days earlier | +4.73% | final price |
| XRT | five days earlier | +1.17% | final price |
Congressional trades in the stocks in this story
- Rep. Pete Sessions sold Walmart (WMT) (held by a spouse), worth $50,001 - $100,000 on 2 Oct 2026. That is 38 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Jonathan Jackson sold Walmart (WMT) (jointly held), worth $50,001 - $100,000 on 28 Sep 2026. That is 42 days before publication. Filed 19 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Walmart (WMT) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 45 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Pete Sessions sold Amazon Com (AMZN), worth $15,001 - $50,000 on 27 Oct 2026. That is 13 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Amazon Com (AMZN) (held by a spouse), worth $100,001 - $250,000 on 2 Oct 2026. That is 38 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Amazon Com (AMZN) (held by a spouse), worth $1,001 - $15,000 on 28 Aug 2026. That is 73 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST), worth $100,001 - $250,000 on 13 Oct 2026. That is 27 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Costco Wholesale (COST) (held by a spouse), worth $250,001 - $500,000 on 2 Oct 2026. That is 38 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Costco Wholesale (COST) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 45 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Procter & Gamble (PG), worth $1,001 - $15,000 on 23 Oct 2026. That is 17 days before publication. Filed 5 Nov 2026. View the filing.
- Rep. David J. Taylor sold Procter & Gamble (PG), worth $1,001 - $15,000 on 12 Oct 2026. That is 28 days before publication. Filed 15 Oct 2026. View the filing.
- Rep. Pete Sessions sold Procter & Gamble (PG), worth $1,001 - $15,000 on 8 Oct 2026. That is 32 days before publication. Filed 27 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Ishares Tr (TIP)
Companies tied to this story
- TIP Ishares Tr
For “BNM: Lower inflation does not mean lower cost of living, CPI only tells part of story,” Ishares Tr (TIP) is linked, with no stored direction, medium confidence. Reason on file: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- XLP Select Sector Spdr Tr
In “BNM: Lower inflation does not mean lower cost of living, CPI only tells part of story,” Select Sector Spdr Tr (XLP) is linked, with no stored direction, medium confidence. Reason on file: Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
- WMT Walmart
For “BNM: Lower inflation does not mean lower cost of living, CPI only tells part of story,” Walmart (WMT) is linked, with no stored direction, medium confidence. Reason on file: Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- COST Costco Wholesale
In “BNM: Lower inflation does not mean lower cost of living, CPI only tells part of story,” Costco Wholesale (COST) is linked, with no stored direction, medium confidence. Reason on file: Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- PG Procter & Gamble
Procter & Gamble (PG) is linked, with no stored direction, medium confidence in the 9 Nov 2026 story “BNM: Lower inflation does not mean lower cost of living, CPI only tells part of story.” Reason on file: The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
- KO Coca Cola
In “BNM: Lower inflation does not mean lower cost of living, CPI only tells part of story,” Coca Cola (KO) is linked, with no stored direction, medium confidence. Reason on file: The Coca-Cola (beverages): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story
Ishares Tr (TIP)
The 9 Nov 2026 story “BNM: Lower inflation does not mean lower cost of living, CPI only tells part of story” names Ishares Tr (TIP) because of this story.
The link for Ishares Tr (TIP) is this: iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
Also listed, Select Sector Spdr Tr (XLP): Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story
Dates and price levels for Ishares Tr (TIP)
TIP traded between 103.77 and 105.61 across 16 sessions. The latest close on file is 105.27. WMT traded between 108.59 and 130.92 across 20 sessions. The latest close on file is 129.23. XLP traded between 80.10 and 82.50 across 6 sessions. The latest close on file is 81.02.
How strong the case is around Ishares Tr (TIP)
46 out of 100
“BNM: Lower inflation does not mean lower cost of living, CPI only tells part of story” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.