Malaysia Inflation February 2019


Malaysia: Consumer prices continue to decline in February, albeit at reduced rate

March 22, 2019

Consumer prices rose 0.2% month-on-month in February, contrasting the 0.5% decline in January. February’s reading was driven by higher prices for transport; education; and furnishing and household equipment.

In year-on-year terms, consumer prices fell 0.4% in February, up slightly from January’s 0.7% drop, while annual average inflation eased from 0.7% in January to 0.5% in February. Core inflation—which excludes certain types of fresh food and administered prices of goods and services—registered 0.3%, up from January’s 0.2%.

All in all, February’s figures suggest consumer prices are bottoming out, and a recovery is forecast in the remainder of the year amid higher oil prices and as the impact of last year’s tax holiday fades.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.7% in 2019 and 2.3% in 2020.

Author:, Economist

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Malaysia Inflation Chart

Malaysia Inflation February 2019

Note: Annual and monthly variation of consumer price index in %.
Source: Department of Statistics Malaysia (DSM).

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