Malaysia Inflation April 2017

Malaysia

Malaysia: Inflation moderates in April

May 17, 2017

According to the National Statistical Institute, consumer prices fell by 0.25% in April (March: -0.08 month-on-month), which marked the largest decrease since September 2016. The monthly drop reflected much lower prices for transport—the category that carries the third largest weight in the consumer price index. Price increases in most other categories were not enough to prevent April’s contraction.

As a result of the month-on-month drop, inflation in April came in at 4.4%, which was significantly below March’s 5.1% gain and undershot market expectations of a 4.5% reading. Meanwhile, annual average inflation edged up to 2.5% in April from 2.3% in March.

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

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Malaysia Inflation April 2017

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


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