Malaysia's consumer price inflation rose to 0.6 percent year-on-year in October of 2018 from 0.3 percent in the previous month and matching market expectations. It was the highest inflation rate since July, due to a jump in prices of food and a faster rise in cost of transport while housing inflation was steady. On a monthly basis, consumer prices went up 0.2 percent, after a 0.4 percent rise in the preceding month and marking the fourth straight monthly increase. Inflation Rate in Malaysia averaged 3.59 percent from 1973 until 2018, reaching an all time high of 23.90 percent in March of 1974 and a record low of -2.40 percent in July of 2009.
Inflation Rate in Malaysia is expected to be 1.90 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 1.70 in 12 months time. In the long-term, the Malaysia Inflation Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.