Food prices in Malaysia rose by 7.1 percent year-on-year in October of 2022, after a 6.8 percent rise in the prior month, and were not far from a record pace of 7.2 percent in August. Upward price pressures came from all components: food at home (5.8% vs 5.7% in September), meat (7.3% vs 6.6%), milk, cheese & eggs (8.8% vs 8.8%), vegetables (4.8% vs 6.3%), oils & fats (2.6% vs 3.8%), fish & seafood (3.4% vs 3.3%), food away from home (9.3% vs 8.7%), rice, bread & other cereals (7.3% vs 6.8%), fruits (5.5% vs 5.2%), and sugar, jam, honey, chocolate & confectionary (3.5% vs 3.3%). source: Department of Statistics, Malaysia
Food Inflation in Malaysia averaged 3.13 percent from 2011 until 2022, reaching an all time high of 7.20 percent in August of 2022 and a record low of 0.40 percent in August of 2018. This page provides the latest reported value for - Malaysia Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Malaysia Food Inflation - values, historical data and charts - was last updated on December of 2022.
Food Inflation in Malaysia is expected to be 6.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Food Inflation is projected to trend around 3.50 percent in 2023 and 4.10 percent in 2024, according to our econometric models.