Inflation in Malaysia
Malaysia - Inflation
Inflation slides in September
Inflation came in at 4.5% in September, down from August’s 4.7%. The cooling of price pressures was primarily driven by slower growth in prices for food and non-alcoholic beverages. In addition, price pressures for housing and utilities grew at a softer pace.
The trend pointed up slightly, with annual average inflation coming in at 3.2% in September (August: 3.0%).
Finally, consumer prices increased a seasonally adjusted 0.08% in September over the previous month, below the 0.23% rise logged in August. September's result marked the softest rise in prices since August 2021.
Commenting on the outlook, analysts at the EIU stated:
“We believe that consumer price inflation is likely to have peaked in August. However, we maintain our view that consumer prices will continue to exceed BNM's forecast range in the final months of 2022, although the headline rate of inflation will fall below 4% from October, amid a mild abatement in food price inflation.”
Our panel estimates inflation to average 3.0% in 2023, which is up 0.2 percentage points from last month’s forecast. In 2024, the panel sees inflation averaging 2.3%.
Malaysia - Inflation Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 2.1 | 2.1 | 3.8 | 1.0 | 0.7 |
Malaysia Inflation Chart
Source: Department of Statistics Malaysia and FocusEconomics calculations.
Malaysia Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 3.32 | 0.15 % | Dec 31 |
| Exchange Rate | 4.09 | 0.0 % | Jan 01 |
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