Consumer prices in Malaysia decreased by 1.4 percent year-on-year in September 2020, the same pace as in a month earlier, more than market consensus of a 1.3 percent drop. This was the seventh straight month of deflation on the back of the COVID-19 crisis, as prices declined for housing (-3%, the same pace as in August), transport (-9.9%, the same pace as in the prior month) and clothing (-0.6% vs -0.6%). Prices rose faster for both food (1.4% vs 1.3%) and alcoholic beverages & tobacco (0.5% vs 0.3%), while furnishings, household equipment and routine maintenance prices rebounded (0.1% vs -0.1%). Meantime, prices increased less for: miscellaneous goods & services (2.7% vs 3.1%), recreation services & culture (0.1% vs 0.6%), education (0.7% vs 1.1%), while restaurants & hotels inflation was steady (at 0.1%). On a monthly basis, consumer prices were unchanged in September, after a 0.2% rise in August. source: Department of Statistics, Malaysia
Inflation Rate in Malaysia averaged 3.44 percent from 1973 until 2020, reaching an all time high of 23.90 percent in March of 1974 and a record low of -2.90 percent in April of 2020. This page provides - Malaysia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Inflation Rate in Malaysia is expected to be -1.50 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 2.10 in 12 months time. In the long-term, the Malaysia Inflation Rate is projected to trend around 2.00 percent in 2021 and 1.90 percent in 2022, according to our econometric models.