Malaysia Inflation July 2022

Malaysia

Malaysia: Inflation comes in at highest level since May 2021 in July

August 26, 2022

Consumer prices rose a seasonally-adjusted 0.39% from the previous month in July, a smaller increase than the 0.63% increase recorded in June. July's result marked the weakest reading since April. The reading was largely due to a more moderate increase in prices for food and non-alcoholic beverages.

Inflation rose to 4.4% in July, following June’s 3.4%. July's reading represented the highest inflation rate since May 2021. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 2.8% in July (June: 2.6%).

FocusEconomics Consensus Forecast panelists expect inflation to average 3.1% in 2022, which is up 0.2 percentage points from last month’s forecast, and 2.8% in 2023.


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Malaysia Inflation July 2022

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


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