Malaysia Inflation May 2016

Malaysia

Malaysia: Inflation continues to decrease in May

June 15, 2016

Consumer prices in May rose 0.3% over the previous month after climbing 0.4% in April. The monthly increase was driven by higher prices for housing, water, electricity, gas and other fuels, while prices for clothing and footwear saw the only decrease.

Inflation fell from 2.1% in April to 2.0% in May, the lowest figure in 13 months. The tally was in line with market expectations. Annual average inflation in May was level with April’s reading of 2.8%

FocusEconomics Consensus Forecast panelists expect inflation to average 2.6% in 2016, which is unchanged from last month’s projection. For 2017, the panel sees inflation rising to 2.7%.


Author:, Economist

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Malaysia Inflation May 2016 0

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


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