Malaysia’s annual inflation increased to 1.7 percent in March of 2021 from 0.1 percent in the previous month and beating market consensus of 1.4 percent. This was the second straight month of increase in consumer prices and the highest rate since January 2018, due mainly to a faster rise in prices of food (1.5% vs 1.4% in February), while transport prices rebounded sharply (9.8% vs -2.0%). Also, prices rose faster for both furnishings, household equipment and routine maintenance (0.9% vs 0.3%) and recreation services & culture (0.5% vs 0.1%). Meanwhile, prices continued to increase for alcoholic beverages & tobacco (0.6% vs 0.7%), miscellaneous goods & services (1.0% vs 1.6%). On the other hand, prices were flat for both education (vs 0.1%) and restaurants & hotels (vs -0.3%). By contrast, prices fell for housing (-0.8% vs -0.8%), clothing (-0.3% vs -0.4%). On a monthly basis, consumer prices edged up 0.1% in March, recovering from a 0.2% drop in February. source: Department of Statistics, Malaysia
Inflation Rate in Malaysia averaged 3.40 percent from 1973 until 2021, 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 May of 2021.
Inflation Rate in Malaysia is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Malaysia to stand at 1.60 in 12 months time. In the long-term, the Malaysia Inflation Rate is projected to trend around 2.00 percent in 2022, according to our econometric models.