Malaysia Inflation June 2022

Malaysia

Malaysia: Inflation rises to highest level in a year in June

July 22, 2022

Consumer prices rose a seasonally-adjusted 0.63% in June over the previous month, accelerating from May's 0.56% increase. June's figure marked the sharpest increase in prices since October 2021. The reading was driven by rising prices for food and non-alcoholic beverages and transportation.

Inflation increased to 3.4% in June from May’s 2.8%. June's result was the highest inflation rate since June 2021. Annual average inflation remained at May's 2.6% in June.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.9% in 2022, which is up 0.1 percentage points from last month’s forecast, and 2.7% in 2023.


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Malaysia Inflation June 2022 0

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


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