Consumer prices in Malaysia fell by 0.2 percent year-on-year in January of 2021, after declining 1.4 percent in December 2020 and compared with market consensus of a 0.8 percent drop. This was the eleventh straight month of deflation but the softest pace since last March, amid ongoing COVID-19 disruption, as prices fell softer for both transport (-5.1% vs -8.4% in December) and housing (-0.7% vs -3.3%). Also, prices dropped for clothing (-0.4% vs -0.4%), restaurants & hotels (-0.1% vs -0.2%). Meantime, prices rose for food (1.5% vs 1.4%), alcoholic beverages & tobacco (0.7% vs 0.6%), education (0.2% vs 0.6%), miscellaneous goods & services (1.8% vs 2.2%), furnishings, household equipment and routine maintenance (0.2% vs -0.1%), and recreation services & culture (0.1% vs 0.2%). On a monthly basis, consumer prices increased 1.2% in January, the most since February 2017, after a 0.5% rise in December. source: Department of Statistics, Malaysia
Inflation Rate in Malaysia averaged 3.41 percent from 1973 until 2021, 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 February of 2021.
Inflation Rate in Malaysia is expected to be -0.50 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 2.00 in 12 months time. In the long-term, the Malaysia Inflation Rate is projected to trend around 1.90 percent in 2022 and 2.20 percent in 2023, according to our econometric models.