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.