Food prices in Malaysia increased by 1.5 percent year-on-year in October of 2020, following a 1.4 percent growth in a month earlier. It was the highest food inflation rate since June, as cost rose at a faster pace for: fish & seafood (1.6% vs 0.6% in September), oils & fats (1.9% vs 1.7%), fruits (2.3% vs 1.8%). Meantime, cost continued to increase for food products n.e.c. (2.6% vs 2.7%), vegetables (4.2% vs 5.1%), rice, bread & other cereals (0.8% vs 0.8%), and food away from home (1.8% vs 1.9%). On the other hand, cost fell further for both sugar, jam, honey (-0.7% vs -0.7%) and milk, cheese & eggs (-2.7% vs -2.5%). source: Department of Statistics, Malaysia
Food Inflation in Malaysia averaged 3.62 percent from 2011 until 2018, reaching an all time high of 5.67 percent in October of 2011 and a record low of 0.70 percent in December of 2018. This page provides the latest reported value for - Malaysia Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Malaysia Food Inflation - values, historical data and charts - was last updated on December of 2020.
Food Inflation in Malaysia is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Malaysia to stand at 3.00 in 12 months time. In the long-term, the Malaysia Food Inflation is projected to trend around 3.50 percent in 2021 and 4.10 percent in 2022, according to our econometric models.