Consumer prices in Malaysia dropped by 2.9% yoy in April 2020, compared with market consensus of a 1.6% fall and after a 0.2% decline in a month earlier. This was the steepest decrease on record, amid a sharp plunge in transport prices (-21.5% vs -8.9% in March) and lower costs of housing & utilities (-2.2% vs 1.6%) and clothing (-1.2% vs -1.3%), mainly attributed to the global pandemic crisis. In addition, prices slowed for alcoholic beverages (0.2% vs 0.3%), furnishing & routine maintenance (0.3% vs 0.8%), restaurants and hotels (0.7% vs 0.9%), health (1.2% vs 1.4%), recreation services & culture (0.6% vs 0.7%), and miscellaneous goods & services (2.3% vs 2.6%). Meanwhile, food prices rose 1.2%, the same as in March. Core consumer prices rose 1.3% yoy, the same as in March, staying the lowest since May 2019. On a monthly basis, consumer prices plunged 2.7%, the most on record, after a 1.2% fall in March.
Inflation Rate in Malaysia averaged 3.49 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 May of 2020. source: Department of Statistics, Malaysia
Inflation Rate in Malaysia is expected to be -2.50 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 1.20 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.