Malaysia's consumer prices decreased 0.4 percent year-on-year in February 2019, following a 0.7 percent fall in the previous month and more than an expected 0.3 percent drop. This was the second annual straight decline in consumer prices since November 2009, mainly due to transport prices while inflation was steady for both food and housing. On a monthly basis, consumer prices rose by 0.2 percent in February, swinging from a 0.5 percent fall in January. Inflation Rate in Malaysia averaged 3.56 percent from 1973 until 2019, reaching an all time high of 23.90 percent in March of 1974 and a record low of -2.40 percent in July of 2009.

Inflation Rate in Malaysia is expected to be 0.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Malaysia to stand at 1.40 in 12 months time. In the long-term, the Malaysia Inflation Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.

Malaysia Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-12-19 04:00 AM Inflation Rate YoY 0.2% 0.6% 0.6% 0.8%
2019-01-24 04:00 AM Inflation Rate YoY 0.2% 0.2% 0.4% 0.3%
2019-02-22 04:00 AM Inflation Rate YoY -0.7% 0.2% -0.2% 0.3%
2019-03-22 04:00 AM Inflation Rate YoY -0.4% -0.7% -0.3% -0.4%
2019-04-24 04:00 AM Inflation Rate YoY -0.4% -0.2%
2019-05-24 04:00 AM Inflation Rate YoY
2019-06-26 04:00 AM Inflation Rate YoY



Malaysia Consumer Prices Fall More than Expected

Malaysia's consumer prices decreased 0.4 percent year-on-year in February 2019, following a 0.7 percent fall in the previous month and more than an expected 0.3 percent drop. This was the second annual straight decline in consumer prices since November 2009, mainly due to transport prices while inflation was steady for both food and housing.

Year-on-year, cost of transport dropped 6.8 percent in February, compared to a 7.8 percent fall in January, following the government's recent decision to change its fuel subsidy model by setting prices every week. At the same time, cost continued to fall for: miscellaneous goods & services (-2.2 percent vs -2.4 percent in January); recreation services & culture (-0.4 percent, the same pace as in January); communication (-1.2, the same pace as in January); clothing and footwear (-3.2 percent vs -3.3 percent); and health (-0.4 percent vs -0.5 percent). In contrast, inflation was steady for housing, water, electricity, gas, & other fuels (at 2 percent) and alcoholic beverages & tobacco (at 1.1 percent), while cost rose faster for restaurants and hotels (1.3 percent vs 1.2 percent) and education (1.3 percent vs 0.9 percent). In addition, prices of furnishings, household equipment & routine maintenance went up 0.1 percent, rebounding from a 0.3 percent fall in January. 

Prices of food & non-alcoholic beverages went up 1 percent in February, the same pace as in January. Among food, cost continued to rise for: meat (2.1 percent vs 2.4 percent in January); fish & seafood (0.1 percent vs 1.2 percent); milks & eggs (1.8 percent vs 0.6 percent); fruits (0.1 percent vs 1.4 percent); and food away from home (3.4 percent vs 3.3 percent). 

Core consumer prices rose 0.3 percent year-on-year in February, faster than a 0.2 percent gain in January and reaching the sixth straight month of increase.

On a monthly basis, consumer prices rose by 0.2 percent in February, swinging from a 0.5 percent fall in January.



Statistics Malaysia l Rida Husna | rida@tradingeconomics.com
3/22/2019 12:27:14 PM



Malaysia Prices Last Previous Highest Lowest Unit
Inflation Rate -0.40 -0.70 23.90 -2.40 percent [+]
Consumer Price Index CPI 120.80 120.50 121.30 24.30 Index Points [+]
GDP Deflator 115.00 116.00 116.00 71.00 Index Points [+]
Producer Prices 105.00 104.40 115.37 66.83 Index Points [+]
Import Prices 116.40 116.10 120.70 85.30 Index Points [+]
Food Inflation 1.00 1.00 5.67 0.40 percent [+]
Producer Prices Change -1.60 -3.60 22.50 -18.20 percent [+]
Inflation Rate Mom 0.20 -0.50 3.94 -1.52 percent [+]
Core Inflation Rate 0.30 0.20 3.60 -0.20 percent [+]
Export Prices 114.00 114.10 116.30 92.50 Index Points [+]
CPI Housing Utilities 120.70 120.30 120.70 99.40 Index Points [+]
CPI Transportation 111.20 110.70 120.40 97.10 Index Points [+]


Malaysia Inflation Rate

In Malaysia, the most important categories in the consumer price index are Food and non-alcoholic beverages (30 percent of total weight) and Housing, water, electricity, gas and other fuels (23 percent of total weight). Others include: Transport (15 percent); Communication (6 percent); Recreation and culture (5 percent) and Furnishings, household equipment and routine household maintenance (4 percent). The remaining components are Restaurants and hotels at 3.2 percent and miscellaneous goods and services at 6.3 percent. This page provides - Malaysia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Inflation Rate - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.40 -0.70 23.90 -2.40 1973 - 2019 percent Monthly
2010=100




Country Last Previous
Argentina 54.70 Mar/19
Australia 1.80 Dec/18
Brazil 4.58 Mar/19
Canada 1.90 Mar/19
China 2.30 Mar/19
Euro Area 1.40 Mar/19
France 1.10 Mar/19
Germany 1.30 Mar/19
India 2.86 Mar/19
Indonesia 2.48 Mar/19
Italy 1.00 Mar/19
Japan 0.50 Mar/19
Mexico 4.00 Mar/19
Netherlands 2.80 Mar/19
Russia 5.30 Mar/19
Saudi Arabia -2.20 Feb/19
Singapore 0.50 Feb/19
South Africa 4.50 Mar/19
South Korea 0.40 Mar/19
Spain 1.30 Mar/19
Switzerland 0.70 Mar/19
Turkey 19.71 Mar/19
United Kingdom 1.90 Mar/19
United States 1.90 Mar/19


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