The annual inflation rate in Malaysia slowed to 3.3% in April 2023 from 3.4% in March, matching market expectations. It was the lowest inflation rate since last May, mainly due to a slowdown in prices of foods (6.3% vs 6.9%) and transport (2.3% vs 2.4%). Also, prices rose at a softer pace for furnishings, household equipment & maintenance (3.0% vs 3.1%), restaurants & hotels (6.6% vs 7.2%), recreation services and culture (1.8% vs 1.9%), education (1.6% vs 1.7%), and health (2.1% vs 2.2%). Meanwhile, inflation was steady for housing (at 1.6%), clothing & footwear (at 0.5%), and alcoholic beverages & tobacco (0.6%). On the other hand, prices of miscellaneous goods & services climbed faster (2.5% vs 2.1%). By contrast, communication prices continued to fall (-1.4% vs -1.4%). The core consumer prices, which exclude volatile items of fresh food and administered prices rose by 3.6%, the smallest gain in nine months. On a monthly basis, consumer prices edged up 0.1%, the same as in March. source: Department of Statistics, Malaysia
Inflation Rate in Malaysia averaged 3.40 percent from 1973 until 2023, reaching an all time high of 23.90 percent in March of 1974 and a record low of -2.90 percent in April of 2020. This page provides - Malaysia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
Inflation Rate in Malaysia is expected to be 2.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Malaysia Inflation Rate is projected to trend around 2.60 percent in 2024 and 2.40 percent in 2025, according to our econometric models.