Food prices in Malaysia rose by 1.2 percent year-on-year in May of 2020, the same as in a month earlier. This remained the highest food inflation since December last year, as cost increased further for most groups: rice, bread & other cereals (0.7% vs 0.8% in April), meat (2.7% vs 2.6%), fish & seafood (0.7% vs 0.5%), oils & fats (1.2% vs 0.8%), fruits (0.9% vs 0.4%), vegetables (2.4% vs 3.5%);, food products n.e.c. (2.6% vs 2.8%), sugar, jam, honey (2.6% vs -1.1%), and food away from home (1.6% vs 1.5%). In contrast, prices of milk & eggs fell further(-1.2% vs -1.1%).
Food Inflation in Malaysia averaged 3.62 percent from 2011 until 2018, reaching an all time high of 5.67 percent in October of 2011 and a record low of 0.70 percent in December of 2018. This page provides the latest reported value for - Malaysia Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Malaysia Food Inflation - values, historical data and charts - was last updated on July of 2020. source: Department of Statistics, Malaysia
Food Inflation in Malaysia is expected to be 1.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in Malaysia to stand at 2.50 in 12 months time. In the long-term, the Malaysia Food Inflation is projected to trend around 3.50 percent in 2021 and 4.10 percent in 2022, according to our econometric models.