Inflation in Malaysia

Malaysia Inflation | Economic News & Forecasts

Malaysia - Inflation

Inflation returns in March

Consumer prices rose 0.2% month-on-month in March, matching February’s figure and largely driven by higher transport prices.

In year-on-year terms, consumer prices rose 0.2% in March, contrasting February’s 0.4% fall but slightly below market expectations. Core inflation—which excludes certain types of fresh food and administered prices of goods and services—was 0.5%, up from February’s 0.3%.

Looking ahead, price pressures should continue to build amid higher oil prices and as the impact of last year’s tax holiday fades. However, inflation will still be mild.

According to Prakash Sakpal, economist at ING: “The persistence of low inflation has brought central bank (BNM) monetary easing back on the table for the next policy meeting on 7 May when we expect a 25 basis point cut in the overnight policy rate to 3.00%.”

FocusEconomics Consensus Forecast panelists expect inflation to average 1.4% in 2019 and 2.3% in 2020.

Malaysia - Inflation Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)2.1  3.1  2.1  2.1  3.8  

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Malaysia Inflation Chart

Malaysia Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Department of Statistics Malaysia and FocusEconomics calculations.

Malaysia Facts

Bond Yield3.730.15 %Jun 14
Exchange Rate4.170.0 %Jun 14
Stock Market1,639-0.29 %Jun 14

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