Malaysia’s annual inflation declined to 4.4 percent in May of 2021 from 4.7 percent in the previous month and below market consensus of 4.7 percent, due to a softer rise in prices of transport (26.0% vs 27.0% in April), food (1.5% vs 1.9%), miscellaneous goods & services (0.7% vs 1.2%), and recreation services & culture (0.6% vs 0.7%). Meantime, prices rose more for housing (3.2% vs 3.1%), furnishings, household equipment and routine maintenance (2.1% vs 1.6%), education (0.3% vs 0.2%), while inflation was steady for both restaurants & hotels (at 0.2%), and alcoholic beverages & tobacco (at 0.7%). In addition, prices fell faster for clothing (-0.5% vs -0.4%). On a monthly basis, consumer prices were unchanged in May, following a 0.2 percent rise in April. 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 July of 2021.
Inflation Rate in Malaysia is expected to be 5.40 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.