Malaysia Inflation April 2020

Malaysia

Malaysia: Consumer prices decline on an annual basis in April

May 20, 2020

Consumer prices dropped a seasonally-adjusted 2.7% over the previous month in April, coming in below the 1.2% drop seen in March. The fall was broad-based with lower price pressures recorded for housing and utilities, and transportation, while food prices rose at a softer rate.

Consumer prices declined 2.9% year-on-year in April, contrasting March’s 1.3% increase. Accordingly, the trend pointed down, with annual average inflation coming in at 0.7% in April (March: 1.0%).

The FocusEconomics panel projects inflation to average 0.2% in 2020, which is unchanged from last month’s forecast, and 1.7% in 2021.


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Malaysia Inflation April 20 20

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


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