Malaysia Inflation May 2019

Malaysia

Malaysia: Inflation steady in May

June 26, 2019

Consumer prices increased 0.2% month-on-month in May, up from April’s stable reading, on higher prices for food and non-alcoholic beverages. In year-on-year terms, consumer prices also ticked up 0.2%, matching April’s figure but slightly below market analysts’ expectations of 0.3%.

Going forward, price pressures will likely intensify somewhat due to the Bank’s monetary easing and a very supportive base effect, due to the zero-rating of the goods and services tax in June 2018.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.2% in 2019, which is down 0.1 percentage points from last month’s estimate, and 2.2% in 2020.


Author:, Economist

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Malaysia Inflation May 2019 0

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


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