Malaysia Inflation June 2020

Malaysia

Malaysia: Consumer prices drop at softer pace in June

July 22, 2020

Consumer prices rose a seasonally-adjusted 1.02% from the previous month in June, accelerating from May's 0.26% rise. June's uptick marked the sharpest increase in prices since February 2017. The pick-up was largely broad-based with greater price pressures recorded for food and non-alcoholic beverages, housing and utilities, and transportation.

Consumer prices decreased 1.9% year-on-year in June, a smaller fall than May’s 2.9% decrease. Low transport prices amid low oil prices were primarily behind the negative reading. Meanwhile, the trend pointed down mildly, with annual average inflation coming in at 0.2% in June (May: 0.4%).

FocusEconomics Consensus Forecast panelists expect consumer prices to fall 0.7% in 2020, which is unchanged from last month’s forecast, and to rise 1.8% next year.


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Malaysia Inflation June 20 20

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Department of Statistics Malaysia (DSM).


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