Malaysia Inflation July 2019

Malaysia

Malaysia: Inflation ticks down in July

August 14, 2019

Consumer prices picked up 0.1% month-on-month in July, slightly higher than June’s stable reading, driven by higher prices for food and non-alcoholic beverages, and transport.



In year-on-year terms, consumer prices increased 1.4% in July, marginally lower than June’s 1.5% jump and short of market analysts’ expectations of 1.5%. Going forward, price pressures should increase slightly due to a weaker ringgit, the Bank’s recent monetary easing and robust domestic demand.

Our panel expects inflation to average 1.0% in 2019, which is down 0.2 percentage points from last month’s forecast, and 2.2% in 2020.


Author:, Economist

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Malaysia Inflation July 2019

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


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