Malaysia Inflation March 2017

Malaysia

Malaysia: Inflation hits over eight-year high in March

April 19, 2017

According to the National Statistical Institute, consumer prices in Malaysia swung from a 1.3% increase in February to a 0.1% drop in March, marking the largest decrease in six months.

Despite the month-on-month drop, inflation in March came in at 5.1%, which was above February’s 4.5% gain. While the figure fell short of market expectations of a 5.3% rise, it still marked the highest reading since November 2008. March’s print was mainly the result of a low-base effect and higher prices for fuel. Meanwhile, annual average inflation edged up to 2.3% in March from 2.1% in February.

FocusEconomics Consensus Forecast panelists expect inflation to average 2.6% in 2017, which is unchanged from last month’s projection. For 2018, the panel sees inflation stable at 2.6%.


Author:, Economist

Sample Report

Looking for forecasts related to Inflation in Malaysia? Download a sample report now.

Download

Malaysia Inflation Chart


Malaysia Inflation March 2017

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


Malaysia Economic News

More news

Search form