Malaysia Inflation July 2020

Malaysia

Malaysia: Consumer prices fall on annual basis for fifth month running in July

August 18, 2020

Consumer prices increased a seasonally-adjusted 0.67% from the previous month in July, softening from June's 1.02% increase. July’s rise was largely attributed to greater price pressures recorded for transportation.

Consumer prices declined 1.3% year-on-year in July, a more moderate drop than June’s 1.9% decrease. July’s reading marked the fifth consecutive month of falling consumer prices. Meanwhile, the annual average variation of consumer prices fell to minus 0.1% in July (June: 0.2%).

FocusEconomics Consensus Forecast panelists expect consumer prices to fall 1.2% in 2020, which is unchanged from last month’s forecast, and to rise 1.8% next year.


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Malaysia Inflation July 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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