Malaysia Inflation August 2020

Malaysia

Malaysia: Consumer prices fall year-on-year for sixth month running in August

September 23, 2020

Consumer prices increased a seasonally-adjusted 0.17% over the previous month in August, softening from July’s 0.67% increase. August’s increase largely reflected higher prices for transport, as well as for food and non-alcoholic beverages.

Consumer prices declined 1.4% year-on-year in August, marginally greater than July’s 1.3% drop. August’s reading marked the sixth consecutive month of falling prices. Lastly, the annual average variation of consumer prices dropped to minus 0.3% in August (July: minus 0.1%).

FocusEconomics Consensus Forecast panelists expect consumer prices to fall 1.1% in 2020, which is unchanged from last month’s forecast, and to rise 1.7% next year which is down 0.2 percentage points from last month´s estimates.


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Malaysia Inflation August 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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