Malaysia Inflation July 2021

Malaysia

Malaysia: Inflation drops to lowest level since March in July

August 25, 2021

Consumer prices fell 0.57% in July over the previous month, swinging from the 0.08% rise logged in June. July's result marked the sharpest fall in prices since April 2020. Looking at the details of the press release, the downturn was chiefly driven by falling prices for household and utilities which more than offset rising prices for transportation.

Inflation dropped to 2.2% in July below June’s 3.4%. July's reading represented the lowest inflation rate since March. Meanwhile, annual average inflation rose to 0.7% in July (June: 0.4%).

FocusEconomics Consensus Forecast panelists expect inflation to average 2.5% in 2021, which is up 0.1 percentage points from last month’s forecast, and 1.8% in 2022.


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Malaysia Inflation July 2021

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


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