skyline at night in Malaysia

Malaysia Inflation July 2023

Malaysia: Inflation falls to lowest level since August 2021 in July

Inflation came in at 2.0% in July, down from June’s 2.4%. July’s reading marked the lowest inflation rate since August 2021. The moderation was largely due to slower growth in prices for food and non-alcoholic beverages. In addition, price pressures for housing and utilities increased at a slower rate. Moreover, prices for recreation services and culture grew at a more subdued pace.

Accordingly, annual average inflation ticked down to 3.5% in July (June: 3.7%).

Lastly, consumer prices increased a seasonally adjusted 0.08% in July over the previous month, coming in below June’s 0.15% rise. July’s result marked the weakest reading since August 2021.

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