Malaysia’s annual inflation rate increased to 2.8% in May of 2022 from 2.3% in the previous month and beating market expectations of a 2.6% gain, reaching the highest level since last December, with food prices rising to 5.2%, the most since October 2011, amid soaring commodity prices. Prices also increased faster for transport (3.9% vs 3.0%), housing (1.2% vs 0.8%), recreation & culture (1.8% vs 1.3%), restaurants & hotels (3.7% vs 3.2%), miscellaneous goods & services (1.9% vs 1.8%), furnishings, household equipment and maintenance (2.9% vs 2.7%), and health ( 0.4% vs 0.2%). Meantime, cost continued to rise for alcoholic beverages & tobacco (0.4% vs 0.5%), while inlfation of education was steady (at 1.0%). On the other hand, cost was flat for both communication and clothing & footwear. On a monthly basis, consumer prices climbed 0.6% in May, the most since last October. accelerating from a 0.2% gain in April. source: Department of Statistics, Malaysia
Inflation Rate in Malaysia averaged 3.39 percent from 1973 until 2022, 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 2022.
Inflation Rate in Malaysia is expected to be 2.80 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 2.50 percent in 2023 and 2.60 percent in 2024, according to our econometric models.