Malaysia Inflation


Inflation jumps to highest level in almost two years in October

Consumer prices rose 0.37% over the previous month in October, which was below the 0.84% increase tallied in September. The increase mainly reflected higher prices for alcoholic beverages and tobacco.

Inflation jumped from 2.6% in September to 2.8% in October, which was slightly above market expectations of an increase to 2.7%. The reading marks the highest level since December 2011. Annual average inflation ticked up from 1.7% in September to 1.8% in October.

FocusEconomics Consensus Forecast panelists expect inflation to accelerate in the months ahead and to average 2.1% in 2013, which is unchanged from last month's projection. For 2014, the panel sees inflation rising to 2.8%, which is also unchanged from last month's forecast.

Author:, Economist

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Malaysia Inflation Chart

Malaysia Inflation October 2013

Note: Annual variation of consumer price index (CPI) in %.
Source: Department of Statistics Malaysia and FocusEconomics calculations.

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