The annual inflation rate in Malaysia slowed to 3.3% in April 2023 from 3.4% in March, matching market expectations. It was the lowest inflation rate since last May, mainly due to a slowdown in prices of foods (6.3% vs 6.9%) and transport (2.3% vs 2.4%). Also, prices rose at a softer pace for furnishings, household equipment & maintenance (3.0% vs 3.1%), restaurants & hotels (6.6% vs 7.2%), recreation services and culture (1.8% vs 1.9%), education (1.6% vs 1.7%), and health (2.1% vs 2.2%). Meanwhile, inflation was steady for housing (at 1.6%), clothing & footwear (at 0.5%), and alcoholic beverages & tobacco (0.6%). On the other hand, prices of miscellaneous goods & services climbed faster (2.5% vs 2.1%). By contrast, communication prices continued to fall (-1.4% vs -1.4%). The core consumer prices, which exclude volatile items of fresh food and administered prices rose by 3.6%, the smallest gain in nine months. On a monthly basis, consumer prices edged up 0.1%, the same as in March. source: Department of Statistics, Malaysia

Inflation Rate in Malaysia averaged 3.40 percent from 1973 until 2023, 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 June of 2023.

Inflation Rate in Malaysia is expected to be 2.80 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 2.60 percent in 2024 and 2.40 percent in 2025, according to our econometric models.

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Malaysia Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2023-04-20 04:00 AM Mar 3.4% 3.7% 3.6% 3.6%
2023-05-26 04:00 AM Apr 3.3% 3.4% 3.3% 3.2%
2023-06-23 04:00 AM May 3.3%


Related Last Previous Unit Reference
Inflation Rate 3.30 3.40 percent Apr 2023
Consumer Price Index CPI 130.00 129.90 points Apr 2023
GDP Deflator 115.00 116.00 points Mar 2023
Producer Prices 118.90 118.70 points Apr 2023
Import Prices 128.20 129.20 points Apr 2023
Food Inflation 6.30 6.90 percent Apr 2023
Producer Prices Change -3.00 -2.90 percent Apr 2023
Export Prices 141.90 142.60 points Apr 2023
CPI Transportation 120.40 120.00 points Apr 2023
CPI Housing Utilities 124.70 124.70 points Apr 2023
Core Inflation Rate 3.60 3.80 percent Apr 2023
Inflation Rate MoM 0.10 0.10 percent Apr 2023

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 (24 percent of total weight). The index also includes: Transport (15 percent); Miscellaneous goods and services (7 percent); Communication (5 percent); Recreation and culture (5 percent); Furnishings, household equipment and routine household maintenance (4 percent); Clothing and footwear (3 percent); Restaurants and hotels (3 percent); Alcoholic beverages and tobacco (2 percent); Health (2 percent); and Education (1 percent).
Actual Previous Highest Lowest Dates Unit Frequency
3.30 3.40 23.90 -2.90 1973 - 2023 percent Monthly
2010=100

News Stream
Malaysia Inflation Rate at 11-Month Low of 3.3%
The annual inflation rate in Malaysia slowed to 3.3% in April 2023 from 3.4% in March, matching market expectations. It was the lowest inflation rate since last May, mainly due to a slowdown in prices of foods (6.3% vs 6.9%) and transport (2.3% vs 2.4%). Also, prices rose at a softer pace for furnishings, household equipment & maintenance (3.0% vs 3.1%), restaurants & hotels (6.6% vs 7.2%), recreation services and culture (1.8% vs 1.9%), education (1.6% vs 1.7%), and health (2.1% vs 2.2%). Meanwhile, inflation was steady for housing (at 1.6%), clothing & footwear (at 0.5%), and alcoholic beverages & tobacco (0.6%). On the other hand, prices of miscellaneous goods & services climbed faster (2.5% vs 2.1%). By contrast, communication prices continued to fall (-1.4% vs -1.4%). The core consumer prices, which exclude volatile items of fresh food and administered prices rose by 3.6%, the smallest gain in nine months. On a monthly basis, consumer prices edged up 0.1%, the same as in March.
2023-05-26
Malaysia Inflation Rate Eases to 3.4%
The annual inflation rate in Malaysia eased to 3.4% in March 2023 after steadying at 3.7% in the previous two months. The latest figure came in below market expectations of 3.6% and was the smallest since June 2022, due mainly to the further slowdown in transport prices (2.4% vs 3.7% in February), linked to the decrease in unleaded petrol cost. In addition, inflation lowered for furnishings, household equipment & maintenance (3.1% vs 3.4%), miscellaneous goods & services (2.1% vs 2.5%), and restaurants & hotels (7.2% vs 7.4%). The core consumer prices, which exclude volatile items of fresh food and administered prices, ticked down to 3.8%, the smallest gain in eight months. On a monthly basis, the CPI added 0.1%, following a 0.2% rise in February.
2023-04-20
Malaysia Inflation Rate Stays at 7-Month Low
The annual inflation rate in Malaysia came in at 3.7% in February 2023, unchanged from the previous month and compared with market forecasts of 3.6%. The latest result remained at its lowest level since June 2022, with cost continuing to slow for both transport (3.7% vs 4.0% in January) and furnishings and household maintenance (3.4% vs 3.5%). Meantime, prices of food & non-alcoholic beverages rose the most in three months (7% vs 6.7%), while inflation accelerated for housing (1.7% vs 1.5%), restaurants & hotels (7.4% vs 6.8%), and education (1.6% vs 1.3%). and miscellaneous goods & services (2.5% vs 2.3%). Core consumer prices, which strip volatile items of fresh food and administered prices, increased by 3.9% in February, the same pace as in January, which was the smallest rise in five months. On a monthly basis, consumer prices went up by 0.2%, also the same rate as in January.
2023-03-24