Inflation in Myanmar

Myanmar Inflation | Economic News & Forecasts

Myanmar - Inflation

Prospects seemed bleak in Q3. Covid-19 cases surged in July amid a low vaccination rate, compelling the introduction of new restrictions which likely weighed on activity. The manufacturing PMI became further entrenched in negative territory in the quarter amid shortages of materials, while exports and imports fell in July. Moreover, a sharp slide in the currency led to rising inflation, likely hitting private consumption. Turning to Q4, dynamics have improved marginally: The currency has recovered some of its losses, and there was a slight recovery in the PMI in October. However, fixed investment likely continues to be hit by weak investor confidence, with several international corporations withdrawing from the country and canceling investments. Against the backdrop of the intensifying armed conflict, in November the UN Security Council urged an immediate cessation of violence.

Myanmar - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)9.4  7.0  4.6  6.9  8.8  

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Myanmar Inflation Chart

Myanmar Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: IMF.

Myanmar Facts

Value Change Date
Bond Yield16.000.0 %Oct 15
Exchange Rate1,4760.0 %Jan 01

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