Inflation in Malaysia
Malaysia - Inflation
Inflation falls to lowest level since March in August
Consumer prices were unchanged over the previous month in August, following the 0.57% drop seen in July. The result largely reflected rising prices for food and non-alcoholic beverages, which were offset by sliding prices for transportation.
Inflation came in at 2.0% in August, which was down from July’s 2.2%. August's reading marked the weakest inflation rate since March. Meanwhile annual average inflation rose to 1.0% in August (July: 0.7%).
Commenting on the outlook for inflation, Julia Goh and Loke Siew Ting, economists at United Overseas Bank, said:
“We expect inflation to remain stable and hover around its long-term 20-year average level of 2.0% for the rest of 2021 and into 2022. Despite an elevation in input costs, the extension of government relief measures, particularly electricity bill discounts, and the impact of prolonged lockdown on non-essential demand would continue to keep a lid on price pressures. Key to watch is whether the government maintains utility discounts and price ceiling on domestic fuels next year.”
FocusEconomics Consensus Forecast panelists expect inflation to average 2.5% in 2021, which is unchanged from last month’s forecast, and 1.9% in 2022, which is up 0.1 percentage points from last month’s forecast.
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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October 12, 2021
Industrial output dropped 0.7% year-on-year in August (July: -5.1% yoy), as tight Covid-19 restrictions continued to weigh on industrial activity.
October 4, 2021
Merchandise exports grew 17.1% year-on-year in USD terms in August, above July’s 6.5% increase.
Malaysia: Manufacturing PMI hits four-month high in September but remains entrenched in negative terrain
October 1, 2021
The manufacturing Purchasing Managers’ Index (PMI) produced by IHS Markit, rose to 48.1 in September from 43.4 in August logging the highest reading in four months.
September 24, 2021
Consumer prices were unchanged over the previous month in August, following the 0.57% drop seen in July.
September 10, 2021
Industrial output tumbled 5.2% year-on-year in July (June: +1.4% yoy), marking the worst reading since May 2020.