Malaysia Inflation October 2021

Malaysia

Malaysia: Inflation increases in October

November 26, 2021

Consumer prices increased 0.73% over the previous month in October, accelerating from the 0.25% rise recorded in September. October's result marked the highest reading since January. Looking at the details of the release, prices for transportation, as well as for housing and utilities picked up pace.

Inflation came in at 2.9% in October, up from September’s 2.2%, the highest print in four months. Annual average inflation rose to 1.7% in October (September: 1.3%).

FocusEconomics Consensus Forecast panelists expect inflation to average 1.9% in 2022, which is up 0.1 percentage points from last month’s forecast, and 2.0% in 2023.


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Malaysia Inflation October 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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