Malaysia’s annual inflation increased to a five-month high of 3.3 percent in November 2021 from 2.9 percent a month earlier and beating market estimates of 3.2 percent. Prices rose faster for transport (12.7% vs 11.3% in October), housing (3.4% vs 3.2%), food (2.7% vs 1.9%), household equipment and routine maintenance (2.6% vs 2.1%), restaurants & hotels (0.9% vs 0.6%), while rebounded for both miscellaneous goods & services (0.1% vs -0.2%), and education (0.1% vs -0.1%). Meanwhile, inflation was steady for alcoholic beverages & tobacco (at 0.3%), health (at 0.2%), and recreation services & culture (at 0.2% vs 0.2%). Bank Negara Malaysia has projected 2021 headline inflation in the nation to average between 2.0 to 3.0 percent, amid high commodity prices and prolonged global supply disruption. On a monthly basis, consumer prices advanced by 0.2 percent in November, easing from a 0.7 percent gain in October. source: Department of Statistics, Malaysia
Inflation Rate in Malaysia averaged 3.40 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 January of 2022.
Inflation Rate in Malaysia is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Inflation Rate is projected to trend around 2.00 percent in 2022, according to our econometric models.