Malaysia Inflation January 2022

Malaysia

Malaysia: Inflation drops to four-month low in January

February 24, 2022

Consumer prices increased a seasonally-adjusted 0.32% from the previous month in January, a smaller increase than December's 0.40% increase. The softer rise was largely driven by a softer increase in prices for food and non-alcoholic beverages.

Inflation came in at 2.3% in January, which was down from December’s 3.2%. January's figure marked the weakest inflation rate since September 2021. Meanwhile, the trend pointed up slightly, with annual average inflation coming in at 2.7% in January (December: 2.5%).

FocusEconomics Consensus Forecast panelists expect inflation to average 2.3% in 2022, which is up 0.1 percentage points from last month’s forecast, and 2.1% in 2023.


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Malaysia Inflation January 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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