Inflation in Malaysia
Malaysia - Inflation
Consumer prices decrease on an annual basis for the third month running in May
Consumer prices rose a seasonally-adjusted 0.3% in May over the last month, rebounding from April's 2.7% drop. May's figure was the sharpest increase in prices since September 2018. The rebound was largely broad-based with greater price pressures recorded for food and non-alcoholic beverages, and transportation.
On an annual basis, consumer prices dropped 2.9% in May, matching April’s result. Meanwhile, the trend pointed down, with annual average inflation coming in at 0.4% in May (April: 0.7%).
The FocusEconomics panel projects inflation to average -0.7% in 2020, which is down 0.6 percentage points from last month’s forecast, and 1.8% in 2021.
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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July 7, 2020
At its 7 July meeting, the Monetary Policy Committee of Bank Negara Malaysia (BNM) cut the overnight policy rate (OPR) by 25 basis points to 1.75%, an all-time low.
July 1, 2020
The manufacturing Purchasing Managers’ Index (PMI), produced by IHS Markit, jumped to 51.0 in June from May’s 45.6, and marked the highest reading since September 2018.
June 29, 2020
Merchandise exports plunged 28.5% in annual USD terms in May, surpassing April’s 27.9% fall, and marking the sharpest fall since July 2009.
June 24, 2020
Consumer prices rose a seasonally-adjusted 0.3% in May over the last month, rebounding from April's 2.7% drop.
June 11, 2020
Industrial output dropped 32.0% in year-on-year terms in April, which was a larger contraction than March's 4.9% decrease.