Malaysia Inflation November 2021

Malaysia

Malaysia: Inflation comes in at highest level since June in November

December 22, 2021

Consumer prices increased 0.24% over the previous month in November, coming in below October's 0.73% rise. November's result marked the weakest reading since August. Looking at the details of the release, higher prices for food and non-alcoholic beverages were largely behind November’s increase. Meanwhile, prices for housing and utilities rose at a slower pace.

Inflation came in at 3.3% in November, up from October’s 2.9%. November's figure was the highest inflation rate since June. Meanwhile, the trend pointed up, with annual average inflation coming in at 2.1% in November (October: 1.7%).

FocusEconomics Consensus Forecast panelists expect inflation to average 2.1% in 2022, which is up 0.2 percentage points from last month’s forecast, and 2.1% in 2023.


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Malaysia Inflation November 2021

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Department of Statistics Malaysia (DSM).


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