Inflation in Malaysia
Malaysia - Inflation
Consumer prices continue to decline in February, albeit at reduced rate
Consumer prices rose 0.2% month-on-month in February, contrasting the 0.5% decline in January. February’s reading was driven by higher prices for transport; education; and furnishing and household equipment.
In year-on-year terms, consumer prices fell 0.4% in February, up slightly from January’s 0.7% drop, while annual average inflation eased from 0.7% in January to 0.5% in February. Core inflation—which excludes certain types of fresh food and administered prices of goods and services—registered 0.3%, up from January’s 0.2%.
All in all, February’s figures suggest consumer prices are bottoming out, and a recovery is forecast in the remainder of the year amid higher oil prices and as the impact of last year’s tax holiday fades.
FocusEconomics Consensus Forecast panelists expect inflation to average 1.7% in 2019 and 2.3% in 2020.
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||4.08||0.15 %||Jan 30|
|Exchange Rate||4.11||0.0 %||Jan 30|
|Stock Market||1,684||-0.29 %||Jan 30|
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April 11, 2019
Industrial production grew 1.7% year-on-year in February, down from January’s 3.2% growth and marking an eight-month low.
April 2, 2019
The downturn in Malaysia’s manufacturing sector worsened in March, with the manufacturing Purchasing Managers’ Index (PMI) dropping to 47.2 from 47.6 in February.
March 22, 2019
Consumer prices rose 0.2% month-on-month in February, contrasting the 0.5% decline in January.
March 14, 2019
Industrial production grew 3.2% year-on-year in January, which is slightly below December’s 3.4% result.
March 5, 2019
The Monetary Policy Committee (MPC) of Bank Negara Malaysia opted to keep the overnight policy rate unchanged at 3.25% at its 5 March meeting.