Latest reading: Consumer prices increased 2.9% on a year-on-year basis in August, following a 3.1% increase in the prior month....
Inflation in Malaysia
Consumer price inflation in Malaysia averaged 2.0% in the ten years to 2024, in line with the ASEAN regional average of 3.0%. The 2024 average figure was 1.8%. For more information on inflation, visit our dedicated page.
Malaysia Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Malaysia from 2024 to 2018.
Source: Macrobond.
Malaysia Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | -1.1 | 2.5 | 3.4 | 2.5 | 1.8 |
| Inflation (CPI, ann. var. %, eop) | -1.4 | 3.2 | 3.8 | 1.5 | 1.7 |
| Inflation (PPI, ann. var. %, aop) | -2.7 | 9.5 | 7.7 | -1.9 | 0.3 |
Inflation increases in July
Latest reading: Inflation edged up to 1.2% in July, above June’s 1.1% and in line with market expectations. Transportation prices rose at a quicker pace in July compared to the previous month, while price pressures for food plus housing and utilities eased. The trend was unchanged, with annual average inflation coming in at June's 1.6% in July. Lastly, consumer prices increased 0.15% over the previous month in July, picking up from the 0.07% rise recorded in June.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Malaysian inflation projections for the next ten years from a panel of 31 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Malaysian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Malaysian inflation projections.
Want to get access to the full dataset of Malaysian inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Israel: Inflation decelerates in August from the prior month -
Canada: Inflation picks up in August from the prior month Latest reading: Consumer prices were up 1.9% on a year-on-year basis in August, following a 1.7% increase in the prior... -
India: Inflation rises for first time in 10 months in August Latest reading: After declining for nine months, inflation rose to 2.1% in August from July’s over eight-year low of 1.6%.... -
United States: Inflation comes in at highest level since January in August Latest reading: Inflation inched up to 2.9% in August, following July’s 2.7%. August’s reading represented the highest inflation rate since... -
Argentina: Inflation drops to lowest level since July 2018 in August Latest reading: Inflation eased to 33.6% in August, below July’s 36.6%. August’s figure marked the weakest inflation rate since July... -
Angola: Inflation falls to a near two-year low in August Latest reading: Inflation came in at 18.9% in August, down from 19.5% in July, easing for the 13th consecutive month... -
Belarus: Inflation drops to lowest level since May in August Latest reading: Inflation edged down to 7.2% in August, which followed July’s 7.4%. August’s figure represented the weakest inflation rate...