Inflation in Malaysia
Malaysia - Inflation
Inflation edges down in December
Consumer prices rose 0.40% over the previous month in December, up from November’s 0.24% rise. December’s result largely reflected higher prices for food and non-alcoholic beverages. Meanwhile, prices for transportation cooled in December.
Inflation came in at 3.2% in December, inching down from November’s 3.3% increase. Meanwhile, the trend pointed up, with annual average inflation coming in at 2.5% in December (November: 2.1%).
FocusEconomics Consensus Forecast panelists expect inflation to average 2.2% in 2022, which is up 0.1 percentage points from last month’s forecast, and 2.1% in 2023.
Malaysia - Inflation Data
|Inflation Rate (CPI, annual variation in %)||2.1||2.1||3.8||1.0||0.7|
5 years of economic forecasts for more than 30 economic indicators.
Malaysia Inflation Chart
Source: Department of Statistics Malaysia and FocusEconomics calculations.
|Bond Yield||3.32||0.15 %||Dec 31|
|Exchange Rate||4.09||0.0 %||Jan 01|
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January 21, 2022
Consumer prices rose 0.40% over the previous month in December, up from November’s 0.24% rise.
January 3, 2022
The Manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, posted another increase in the final stretch of the year, rising to 52.8 in December from 52.3 in November.
December 28, 2021
Merchandise exports grew for the fourth successive month, with growth coming in at 31.2% year-on-year in USD terms in November, up from October’s 25.4% increase.
December 22, 2021
Consumer prices increased 0.24% over the previous month in November, coming in below October's 0.73% rise.
December 20, 2021
At its first meeting of the year on 20 January, the Monetary Policy Committee of Bank Negara Malaysia (BNM) kept the overnight policy rate stable at its all-time low of 1.75%, marking the ninth consecutive hold, coming in line with market expectations. Promoting the economic recovery underpinned the Bank’s decision to maintain its accommodative stance, and the move was supported by well-anchored inflation expectations.