Consumer prices in Malaysia decreased by 1.5 percent year-on-year in October 2020, after a 1.4 percent drop in a month earlier, more than market consensus of a 1.4 percent decline. This was the eighth straight month of deflation and the highest reading since June on the back of the COVID-19 crisis, due to a faster fall in transport prices (-10.2% vs -9.9% in September), while both housing (-3% vs -3%) and clothing prices (-0.4% vs -0.6%) dropped further. Inflation was steady for alcoholic beverages & tobacco (at 0.5%), furnishings, household equipment and routine maintenance (at 0.1%), education (at 0.7%), and restaurants & hotels (at 0.1%). Meantime, prices continued to increase for food (1.5% vs 1.4%), miscellaneous goods & services (2.8% vs 2.7%), recreation services & culture (0.2% vs 0.1%). On a monthly basis, consumer prices edged up 0.1 percent in October, after a flat reading in September. source: Department of Statistics, Malaysia
Inflation Rate in Malaysia averaged 3.43 percent from 1973 until 2020, 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 December of 2020.
Inflation Rate in Malaysia is expected to be -1.50 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 2.10 in 12 months time. In the long-term, the Malaysia Inflation Rate is projected to trend around 2.00 percent in 2021 and 1.90 percent in 2022, according to our econometric models.