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.

Inflation Rate in Malaysia averaged 3.48 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 July of 2020. source: Department of Statistics, Malaysia

Inflation Rate in Malaysia is expected to be -0.30 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 1.60 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
-2.90 -2.90 23.90 -2.90 1973 - 2020 percent Monthly
2010=100


Calendar GMT Actual Previous Consensus TEForecast
2020-03-25 04:00 AM Feb 1.3% 1.6% 1.4% 1.5%
2020-04-22 04:00 AM Mar -0.2% 1.3% -0.1% 0.1%
2020-05-20 04:00 AM Apr -2.9% -0.2% -1.6% -0.7%
2020-06-24 04:00 AM May -2.9% -2.9% -2.7% -2.8%
2020-07-22 04:00 AM Jun -2.9% -2.5%
2020-08-21 04:00 AM Jul
2020-09-23 04:00 AM Aug
2020-10-21 04:00 AM Sep -0.3%


News Stream
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 Consumer Prices Fall at Record Pace
Consumer prices in Malaysia dropped by 2.9% yoy in April 2020, compared with market consensus of a 1.6% fall and after a 0.2% decline in a month earlier. This was the steepest decrease on record, amid a sharp plunge in transport prices (-21.5% vs -8.9% in March) and lower costs of housing & utilities (-2.2% vs 1.6%) and clothing (-1.2% vs -1.3%), mainly attributed to the global pandemic crisis. In addition, prices slowed for alcoholic beverages (0.2% vs 0.3%), furnishing & routine maintenance (0.3% vs 0.8%), restaurants and hotels (0.7% vs 0.9%), health (1.2% vs 1.4%), recreation services & culture (0.6% vs 0.7%), and miscellaneous goods & services (2.3% vs 2.6%). Meanwhile, food prices rose 1.2%, the same as in March. Core consumer prices rose 1.3% yoy, the same as in March, staying the lowest since May 2019. On a monthly basis, consumer prices plunged 2.7%, the most on record, after a 1.2% fall in March.
2020-05-20
Malaysia Consumer Prices Fall for 1st Time in 13 Months
Consumer prices in Malaysia dropped by 0.2% yoy in March 2020, after a 1.3% gain in February and compared with market consensus of a 0.1% drop. This was the first decline in consumer prices since February 2019, amid a plunge in transport prices (-8.9% vs 2.4% in February) and a faster drop in cost of clothing (-1.3% vs -1.1%). At the same time, prices slowed for both furnishing & routine maintenance (0.8% vs 1%) and restaurants and hotels (0.9% vs 1.1%). Meanwhile, inflation was steady for housing & utilities (at 1.6%), recreation services & culture (at 0.7%), and communication (at 1.5%), while cost rose faster for alcoholic beverages (0.3% vs 0.2%), health (1.4% vs 1.3%), and miscellaneous goods & services (2.6% vs 2.5%). Food prices rose 1.2%, the most in three months, after a 0.8% gain in February. Core consumer prices rose by 1.3% yoy, the same as in February, remaining the lowest since May 2019. On a monthly basis, consumer prices fell 1.2%, the first fall since January 2019.
2020-04-22
Malaysia February Inflation Rate Below Estimates
Malaysia's annual inflation rate fell to 1.3 percent in February 2020 from a 20-month high of 1.6 percent in January and compared with market consensus of 1.4 percent. Prices rose less for food & non-alcoholic beverage (0.8% vs 0.9% in January); housing (1.6% vs 1.7%); furnishing, household equipment & routine maintenance (1% vs 1.2%); transport (2.4% vs 3.9%); health (1.3% vs 1.4%); education (1.3% vs 1.7%); and recreation & culture (0.7% vs 0.9%). In addition, cost of clothing fell further (-1.1% vs -1.2%). Meantime, inflation was steady for communication (at 1.5%), restaurants and hotels (at 1.1%), and miscellaneous goods & services (at 2.5%). Core consumer prices, which exclude most volatile items of fresh food as well as administered prices of goods and services, rose 1.3%, following a 1.7% gain in January, the lowest since May 2019. On a monthly basis, consumer prices rose 0.1 percent in February, the same as in January.
2020-03-25

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.