Malaysia: Inflation slows down in November
December 20, 2017
According to the Statistical Institute, consumer prices increased 0.67% in November from the previous month, following a 0.25% month-on-month rise in October. The increase resulted primarily from higher transport prices, which rose 3.3% from the previous month in November on the back of higher oil prices, and higher prices for food and non-alcoholic beverages.
Inflation moderated to 3.4% in November, down from 3.7% in October but coming in slightly above market expectations of 3.3%. The slowdown in inflation was largely driven by a deceleration in transport prices, which nevertheless again increased at double-digit rates. Meanwhile, annual average inflation edged up from 3.6% in October to 3.7% in November, the highest print in more than eight years.
Malaysia Inflation Forecast
FocusEconomics Consensus Forecast panelists expect inflation to average 2.8% in 2018, which is up 0.1 percentage points from last month’s projection. For 2019, the panel sees inflation averaging 2.6%.
Author: Joffrey Simonet, Economist