Malaysia’s annual inflation declined to 2.2% in July of 2021 from 3.4% in the previous month and below market consensus of 2.9%. This was the lowest inflation rate since March, mainly due to the monthly electricity discount given to domestic consumers for a period of three months starting from July to September, amid lockdown measures to contain the spread of coronavirus. Prices rose softer for housing (0.7% vs 3.2%), transport (11.6% vs 16.6%), miscellaneous goods & services (0.1% vs 0.3%), furnishings, household equipment and routine maintenance (1.7% vs 2.0%), education (0.1% vs 0.5%), and alcoholic beverages & tobacco (0.5% vs 0.7%). Meanwhile, inflation was steady for food (at 1.3%), recreation services & culture (at 0.6%). On the other hand, prices of restaurants & hotels continued to increase (0.7% vs 0.5%). By contrast, prices fell further for clothing (-0.4% vs -0.4%). On a monthly basis, consumer prices dropped 0.6% in July, reversing from a 0.1% rise in June. 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 September of 2021.
Inflation Rate in Malaysia is expected to be 4.00 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.