Consumer prices in Malaysia fell by 0.2 percent year-on-year in January of 2021, after declining 1.4 percent in December 2020 and compared with market consensus of a 0.8 percent drop. This was the eleventh straight month of deflation but the softest pace since last March, amid ongoing COVID-19 disruption, as prices fell softer for both transport (-5.1% vs -8.4% in December) and housing (-0.7% vs -3.3%). Also, prices dropped for clothing (-0.4% vs -0.4%), restaurants & hotels (-0.1% vs -0.2%). Meantime, prices rose for food (1.5% vs 1.4%), alcoholic beverages & tobacco (0.7% vs 0.6%), education (0.2% vs 0.6%), miscellaneous goods & services (1.8% vs 2.2%), furnishings, household equipment and routine maintenance (0.2% vs -0.1%), and recreation services & culture (0.1% vs 0.2%). On a monthly basis, consumer prices increased 1.2% in January, the most since February 2017, after a 0.5% rise in December. source: Department of Statistics, Malaysia

Inflation Rate in Malaysia averaged 3.41 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 March of 2021.

Inflation Rate in Malaysia is expected to be -0.50 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 2.00 in 12 months time. In the long-term, the Malaysia Inflation Rate is projected to trend around 1.90 percent in 2022 and 2.20 percent in 2023, according to our econometric models.

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Malaysia Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-0.20 -1.40 23.90 -2.90 1973 - 2021 percent Monthly
2010=100


Calendar GMT Actual Previous Consensus TEForecast
2020-11-25 04:00 AM Oct -1.5% -1.4% -1.4% -1.1%
2020-12-23 04:00 AM Nov -1.7% -1.5% -1.5% -1.4%
2021-01-22 04:00 AM Dec -1.4% -1.7% -1.4% -1.9%
2021-02-24 04:00 AM Jan -0.2% -1.4% -0.8% -1.2%
2021-03-24 04:00 AM Feb -0.2% -0.9%
2021-04-23 04:00 AM Mar
2021-05-26 04:00 AM Apr
2021-06-25 04:00 AM May


News Stream
Malaysia Consumer Prices Drop Less than Expected
Consumer prices in Malaysia fell by 0.2 percent year-on-year in January of 2021, after declining 1.4 percent in December 2020 and compared with market consensus of a 0.8 percent drop. This was the eleventh straight month of deflation but the softest pace since last March, amid ongoing COVID-19 disruption, as prices fell softer for both transport (-5.1% vs -8.4% in December) and housing (-0.7% vs -3.3%). Also, prices dropped for clothing (-0.4% vs -0.4%), restaurants & hotels (-0.1% vs -0.2%). Meantime, prices rose for food (1.5% vs 1.4%), alcoholic beverages & tobacco (0.7% vs 0.6%), education (0.2% vs 0.6%), miscellaneous goods & services (1.8% vs 2.2%), furnishings, household equipment and routine maintenance (0.2% vs -0.1%), and recreation services & culture (0.1% vs 0.2%). On a monthly basis, consumer prices increased 1.2% in January, the most since February 2017, after a 0.5% rise in December.
2021-02-24
Malaysia Consumer Prices Fall the Least in 3 Months
Consumer prices in Malaysia dropped by 1.4 percent year-on-year in December 2020, after declining 1.7 percent in the previous month and in line with market consensus. This was the tenth straight month of deflation but the softest pace since September, amid ongoing COVID-19 disruption, as prices fell softer for both transport (-8.4% vs -11.1% in November), and clothing prices (-0.4% vs -0.5%), while that of housing decreased by 3.3% (the same as in November). Also, cost of restaurants & hotels fell 0.2% (after a flat reading in November), with that of furnishings, household equipment and routine maintenance edged down 0.1%, after being flat in November. Meantime, prices rose further for food (1.4% vs 1.4%), alcoholic beverages & tobacco (0.6% vs 0.5%), education (0.6% vs 0.6%), miscellaneous goods & services (2.2% vs 2.3%), and recreation services & culture (0.2% vs 0.1%). On a monthly basis, consumer prices were up 0.5% in December, the most since July, after a 0.2% fall in November.
2021-01-22
Malaysia Consumer Prices Fall More than Estimated
Consumer prices in Malaysia fell by 1.7 percent year-on-year in November 2020, compared to market consensus and October's figure of a 1.5 percent drop. This was the ninth straight month of deflation and the steepest since June amid ongoing COVID-19 disruption, as prices fell faster for transport (-11.1% vs -10.2% in October), housing (-3.3% vs -3%), and clothing prices (-0.5% vs -0.4%). Meanwhile, cost of restaurants & hotels was flat (vs 0.1 percent in October), with that of furnishings, household equipment and routine maintenance was also unchanged for the second month in a row. Meantime, prices rose further for food (1.4% vs 1.5%), alcoholic beverages & tobacco (at 0.5% vs 0.5%), education (0.6% vs 0.7%), miscellaneous goods & services (2.3% vs 2.8%), and recreation services & culture (0.1% vs 0.2%). On a monthly basis, consumer prices declined by 0.2 percent in November, the first fall in seven months, after a 0.1 percent gain in October.
2020-12-23
Malaysia Consumer Prices Drop the Most in 4 Months
Consumer prices in Malaysia decreased by 1.5 percent year-on-year in October 2020, after a 1.4 percent drop in a month earlier, more than market consensus of a 1.4 percent decline. This was the eighth straight month of deflation and the highest reading since June on the back of the COVID-19 crisis, due to a faster fall in transport prices (-10.2% vs -9.9% in September), while both housing (-3% vs -3%) and clothing prices (-0.4% vs -0.6%) dropped further. Inflation was steady for alcoholic beverages & tobacco (at 0.5%), furnishings, household equipment and routine maintenance (at 0.1%), education (at 0.7%), and restaurants & hotels (at 0.1%). Meantime, prices continued to increase for food (1.5% vs 1.4%), miscellaneous goods & services (2.8% vs 2.7%), recreation services & culture (0.2% vs 0.1%). On a monthly basis, consumer prices edged up 0.1 percent in October, after a flat reading in September.
2020-11-25

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.