Malaysia’s annual inflation increased to 4.7 percent in April of 2021 from 1.7 percent in the previous month but below market consensus of 4.9 percent. This was the third straight month of increase in consumer prices and the highest rate since March 2017, amid a jump in transport prices (27.0% vs 9.8% in March), due to a faster rise in fuel prices. In addition, food prices increased faster (1.9% vs 1.5%), while housing prices rebounded sharply (3.1% vs -0.8%). Also, prices upward pressure came from furnishings, household equipment and routine maintenance (1.6% vs 0.9%), recreation services & culture (0.7% vs 0.5%), alcoholic beverages & tobacco (0.7% vs 0.6%), miscellaneous goods & services (1.2% vs 1.0%), education (0.2%, after being flat in March) and restaurants & hotels (0.2%, after being flat in the prior month). By contrast, prices fell further for clothing (-0.4% vs -0.3%). On a monthly basis, consumer prices were up 0.2% in April, after edging up 0.1 percent in March. 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 June of 2021.
Inflation Rate in Malaysia is expected to be 5.40 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 2022, according to our econometric models.