Inflation in Malaysia
Malaysia - Inflation
Inflation climbs in August but remains muted
Consumer prices increased 0.2% month-on-month in August, slightly higher than July’s increase of 0.1%. August’s reading was driven by higher prices for housing and fuel, as well as health and education costs.
In year-on-year terms, consumer prices increased 1.5% in August, marginally higher than July’s 1.4% jump. Inflation has risen in recent months as the impact of last year’s zero-rating of the goods and services tax fades. Going forward, price pressures should increase slightly due to the weakening of the ringgit so far this year, the Bank’s recent monetary easing and robust domestic demand.
Our panel expects inflation to average 1.0% in 2019, which is unchanged from last month’s forecast, and 2.1% in 2020, which is down 0.1 percentage points from last month’s forecast.
Malaysia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||2.1||3.1||2.1||2.1||3.8|
5 years of economic forecasts for more than 30 economic indicators.
Malaysia Inflation Chart
Source: Department of Statistics Malaysia and FocusEconomics calculations.
|Bond Yield||3.30||0.15 %||Sep 04|
|Exchange Rate||4.21||0.0 %||Sep 04|
|Stock Market||1,600||-0.29 %||Sep 04|
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October 15, 2019
On 11 October, the Malaysian government presented the 2020 budget, which aims to strike a balance between continuing fiscal consolidation efforts and introducing stimulus measures to buffer against a larger economic slowdown.
October 11, 2019
Industrial output increased 1.9% year-on-year in August, up slightly from July’s five-year low of 1.2% growth, but just shy of market expectations of a 2.0% expansion.
October 4, 2019
According to Statistics Malaysia, the country saw an increase in the trade surplus of 655% from the same month last year, when measured in the local currency terms (ringgits, MYR).
October 1, 2019
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, rose to 47.9 in September from 47.4 in August.
September 25, 2019
Consumer prices increased 0.2% month-on-month in August, slightly higher than July’s increase of 0.1%.