Latest reading: Consumer prices rose 1.0% on a year-on-year basis in June, following a 1.2% increase in the previous month,...
Inflation in Malaysia
Consumer price inflation in Malaysia averaged 2.0% in the ten years to 2024, in line with the ASEAN regional average of 3.0%. The 2024 average figure was 1.8%. For more information on inflation, visit our dedicated page.
Malaysia Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Malaysia from 2014 to 2025.
Source: Macrobond.
Malaysia Inflation Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 2.5 | 3.4 | 2.5 | 1.8 | 1.4 |
| Inflation (CPI, ann. var. %, eop) | 3.2 | 3.8 | 1.5 | 1.7 | 1.6 |
| Inflation (PPI, ann. var. %, aop) | 9.5 | 7.7 | -1.9 | 0.3 | -2.0 |
Inflation accelerates in May from April
Latest reading: Consumer prices rose 2.0% on a year-on-year basis in May, following a 1.9% rise in the prior month. May's reading was the strongest since July 2023. Relative to the prior month's data, there were higher price pressures for food and non-alcoholic beverages (+1.4% in annual terms vs +1.2% in April), housing and utilities (+1.2% vs +1.1% in April) and recreation services and culture (+1.1% vs +0.9% in April). In contrast, price pressures reduced for transportation in May (+3.8% vs +4.1% in April). Finally, consumer prices increased 0.15% in May in month-on-month terms, following a 0.37% rise in the previous month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Malaysian inflation projections for the next ten years from a panel of 35 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Malaysian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Malaysian inflation projections.
Want to get access to the full dataset of Malaysian inflation forecasts? Send an email to info@focus-economics.com.
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