Malaysia Inflation May 2020

Malaysia

Malaysia: Consumer prices decrease on an annual basis for the third month running in May

June 24, 2020

Consumer prices rose a seasonally-adjusted 0.3% in May over the last month, rebounding from April's 2.7% drop. May's figure was the sharpest increase in prices since September 2018. The rebound was largely broad-based with greater price pressures recorded for food and non-alcoholic beverages, and transportation.

On an annual basis, consumer prices dropped 2.9% in May, matching April’s result. Meanwhile, the trend pointed down, with annual average inflation coming in at 0.4% in May (April: 0.7%).

The FocusEconomics panel projects inflation to average -0.7% in 2020, which is down 0.6 percentage points from last month’s forecast, and 1.8% in 2021.


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Malaysia Inflation May 20 20

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


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