Malaysia Inflation


Inflation ticks up in May

In May, consumer prices rose 0.28% over the previous month, which was above the 0.09% increase tallied in April and mainly reflected higher prices for housing, water, electricity, gas and other fuels as well as for food and non-alcoholic beverages.

As a result of the monthly price rise, inflation inched up from 1.7% in April to 1.8% in May, which was above market expectations of 1.7%. Annual average inflation, however, remained unchanged at 1.5% for a third month in a row.

FocusEconomics Consensus Forecast panellists expect inflation to accelerate in the months ahead and average 2.3% in 2013, which is unchanged from last month's projection. For 2014, the panel sees inflation rising further to 2.7%.


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Malaysia Inflation Chart

Malaysia Inflation May 2013

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

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