Malaysia's annual inflation rate came in at 0.2 percent in May 2019, unchanged from the previous month but less than market consensus of 0.3 percent. Main upward pressure came from both food and housing & utilities prices while transport prices continued to drop but at a slower pace. On a monthly basis, consumer prices went up by 0.2 percent in May, following a flat reading in April. Inflation Rate in Malaysia averaged 3.55 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
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 0.2% -0.4% 0.3% -0.2%
2019-05-24 04:00 AM Inflation Rate YoY 0.2% 0.2% 0.4% 0.3%
2019-06-26 04:00 AM Inflation Rate YoY 0.2% 0.2% 0.3% 0.2%
2019-07-24 04:00 AM Inflation Rate YoY 0.2% 0.7%
2019-08-16 04:00 AM Inflation Rate YoY
2019-09-25 04:00 AM Inflation Rate YoY



Malaysia May Inflation Rate Rises Below Forecasts

Malaysia's annual inflation rate came in at 0.2 percent in May 2019, unchanged from the previous month but less than market consensus of 0.3 percent. Main upward pressure came from both food and housing & utilities prices while transport prices continued to drop but at a slower pace.

Year-on-year, prices of food & non-alcoholic beverages increased by 1.2 percent in May, faster than a 1.1 percent rise in April, and the highest since October last year. Among food, cost continued to rise for: fish & seafood (0.9 percent vs 0.2 percent in April); milk & eggs (0.7 percent vs 1.9 percent); and food away from home (2.9 percent vs 3.1 percent), with cost of vegetables (4.5 percent vs 2.2 percent). Meantime, prices continued to fall for rice, bread & other sereals (-0.3 percent vs -0.4 percent); meat (-3.1 percent vs -3.6 percent); oils & fats (-1.2 percent vs -1.0 percent); sugar, jam, honey (-2.2 percent vs -2.2 percent); food products (-0.8 percent vs -0.5 percent) while fruits prices edged down (-0.1 percent vs 0.1 percent)

Also, inflation accelerated for both alcoholic beverages & tobacco (1.3 percent vs 1.2 percent) and furnishings, household equipment & routine maintenance (0.5 percent vs 0.2 percent). 

On the other hand, inflation slowed for for: housing, water, electricity, gas, & other fuels (1.8 percent vs 2 percent); restaurants and hotels (0.6 percent vs 0.8 percent) while inflation was steady for education (at 1.2 percent). In contrast, cost continued to drop for: transport (-2.5 percent vs -2.6 percent); clothing and footwear (-3.2 percent, the same pace in April); miscellaneous goods & services (-2.1 percent vs -2 percent); health (-0.3 percent, the same pace in the prior month); recreation services & culture (-0.4 percent, the same pace as in the previous month), and communication (-0.9 percent vs -1.1 percent).

Core consumer prices rose 0.4 percent year-on-year in May, softer than a 0.5 percent gain in April, the lowest figure since February.

On a monthly basis, consumer prices went up by 0.2 percent in May, following a flat reading in April.
 
 



Department of Statistics, Malaysia l Chusnul Ch Manan | chusnul@tradingeconomics.com
6/26/2019 5:42:07 AM



Malaysia Prices Last Previous Highest Lowest Unit
Inflation Rate 0.20 0.20 23.90 -2.40 percent [+]
Consumer Price Index CPI 121.40 121.10 121.40 24.30 Index Points [+]
GDP Deflator 105.00 115.00 116.00 71.00 Index Points [+]
Producer Prices 105.30 104.70 115.37 66.83 Index Points [+]
Import Prices 118.20 116.80 120.70 85.30 Index Points [+]
Food Inflation 1.20 1.10 5.67 0.40 percent [+]
Producer Prices Change -1.40 -1.50 22.50 -18.20 percent [+]
Inflation Rate Mom 0.20 0.00 3.94 -1.52 percent [+]
Core Inflation Rate 0.40 0.50 3.60 -0.20 percent [+]
Export Prices 114.80 114.90 116.30 92.50 Index Points [+]
CPI Housing Utilities 121.10 120.70 121.10 99.40 Index Points [+]
CPI Transportation 114.80 114.60 120.40 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 June of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.20 23.90 -2.40 1973 - 2019 percent Monthly
2010=100




Country Last Previous
Argentina 57.30 May/19
Australia 1.30 Mar/19
Brazil 4.66 May/19
Canada 2.40 May/19
China 2.70 May/19
Euro Area 1.20 May/19
France 0.90 May/19
Germany 1.40 May/19
India 3.05 May/19
Indonesia 3.32 May/19
Italy 0.80 May/19
Japan 0.70 May/19
Mexico 4.28 May/19
Netherlands 2.40 May/19
Russia 5.10 May/19
Saudi Arabia -1.50 May/19
Singapore 0.90 May/19
South Africa 4.50 May/19
South Korea 0.70 May/19
Spain 0.80 May/19
Switzerland 0.60 May/19
Turkey 18.71 May/19
United Kingdom 2.00 May/19
United States 1.80 May/19


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