Consumer prices in Malaysia decreased by 1.4 percent year-on-year in August 2020, after a 1.3 percent fall in a month earlier, more than market consensus of a 1.2 percent drop. This was the sixth straight month of deflation on the back of the COVID-19 crisis, as prices declined for transport (-9.9% vs -10.3% in July), clothing (-0.6%, the same pace as in the prior month) and furnishings, household equipment and routine maintenance (-0.1%, the same pace as in July). Meantime, inflation eased for recreation services & culture (0.6% vs 0.7%), education (1.1% vs 1.2%), food (1.3% vs 1.4%), and restaurants & hotels (0.1% vs 0.2%), while inflation was steady for alcoholic beverages & tobacco (at 0.3%). On the other hand, inflation accelerated for miscellaneous goods & services (3.1% vs 2.9%). On a monthly basis, consumer prices went up by 0.2% in August, the least since April, after a 0.7% gain in July.

Inflation Rate in Malaysia averaged 3.45 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 September of 2020. source: Department of Statistics, Malaysia

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 2.50 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.

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Malaysia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-1.40 -1.30 23.90 -2.90 1973 - 2020 percent Monthly
2010=100


Calendar GMT Actual Previous Consensus TEForecast
2020-06-24 04:00 AM May -2.9% -2.9% -2.7% -2.8%
2020-07-22 04:00 AM Jun -1.9% -2.9% -1.9% -2.1%
2020-08-18 04:00 AM Jul -1.3% -1.9% -1.1%
2020-09-23 04:00 AM Aug -1.4% -1.3% -1.2% -1.1%
2020-10-21 04:00 AM Sep -1.4% -0.7%
2020-11-25 04:00 AM Oct
2020-12-23 04:00 AM Nov


News Stream
Malaysia Consumer Prices Fall More than Expected
Consumer prices in Malaysia decreased by 1.4 percent year-on-year in August 2020, after a 1.3 percent fall in a month earlier, more than market consensus of a 1.2 percent drop. This was the sixth straight month of deflation on the back of the COVID-19 crisis, as prices declined for transport (-9.9% vs -10.3% in July), clothing (-0.6%, the same pace as in the prior month) and furnishings, household equipment and routine maintenance (-0.1%, the same pace as in July). Meantime, inflation eased for recreation services & culture (0.6% vs 0.7%), education (1.1% vs 1.2%), food (1.3% vs 1.4%), and restaurants & hotels (0.1% vs 0.2%), while inflation was steady for alcoholic beverages & tobacco (at 0.3%). On the other hand, inflation accelerated for miscellaneous goods & services (3.1% vs 2.9%). On a monthly basis, consumer prices went up by 0.2% in August, the least since April, after a 0.7% gain in July.
2020-09-23
Malaysia Consumer Prices Drop the Least in 4 Months
Consumer prices in Malaysia declined by 1.3% yoy in July 2020, after a 1.9 percent drop in a month earlier. This was the fifth straight month of deflation but the lowest reading since March on the back of the COVID-19 crisis, as prices fell at a softer pace for transport (-10.3% vs -14.3%), clothing (-0.6% vs -1.1%) and furnishings, household equipment and routine maintenance (-0.1% vs -0.2%). In addition, inflation accelerated for recreation services & culture (0.7% vs 0.6%), education (1.2% vs 0.8%) and alcoholic beverages & tobacco (0.3% vs 0.2%). On the other hand, prices slowed for food (1.4% vs 1.6%), miscellaneous goods & services (2.9% vs 3.0%), restaurants & hotels (0.2% vs 0.3%). On a monthly basis, consumer prices went up by 0.7% in July, after a 1.0% rise in June.
2020-08-18
Malaysia Consumer Prices Fall the Least in 3 Months
Consumer prices in Malaysia dropped by 1.9% yoy in June 2020, after a 2.9 percent fall in a month earlier and in line with market consensus. This was the fourth straight month of deflation but the lowest reading since March on the back of the COVID-19 crisis, due to a softer fall in transport prices (-14.3% vs -20.8%) while housing & utilities prices fell further (-2.6% vs -2.6%). Also, there were drops in cost of both clothing (-1.1% vs -1.1%) and furnishings, household equipment and routine maintenance (-0.2% vs -0.2%). In addition, inflation accelerated for food (1.6% vs 1.2%), miscellaneous goods & services (3.0% vs 2.8%). Meantime, inflation was steady for alcoholic beverages & tobacco (at 0.2%), communication (at 1.6%).Meanwhile, cost rose further for recreation services & culture (0.6% vs 0.7%), health (1.1% vs 1.2%), education (0.8% vs 1%), restaurants & hotels (0.3% vs 0.9%). On a monthly basis, consumer prices rose by 1.0% in June, after a 0.3% gain in May.
2020-07-22
Malaysia Consumer Prices Fall More than Estimated
Consumer prices in Malaysia dropped by 2.9% yoy in May 2020, the same as in a month earlier and compared with market consensus of a 2.7% fall. This was the third straight month of deflation and the steepest reading on record on the back of the COVID-19 crisis, with transport prices plunging further (-20.8% vs -21.5% in April) and cost of housing & utilities falling more (-2.6% vs -2.2%). Also, there were falls in cost of both clothing (-1.1% vs -1.2%) and furnishings, household equipment and routine maintenance (-0.2% vs 0.3%). At the same time, inflation was unchanged for food (at 1.2%), alcoholic beverages & tobacco (at 0.2%), health (at 1.2%), and communication (at 1.6%). Meanwhile, cost rose further for recreation services & culture (0.7% vs 0.6%), education (1% vs 1.2%) restaurants & hotels (0.9% vs 0.7%), and miscellaneous goods & services (2.8% vs 2.7%). On a monthly basis, consumer prices rose by 0.3% in May, after a 2.7% fall in April.
2020-06-24

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.