Latest reading: Inflation fell to 19.8% in May from April’s 22.2%, marking a near two-year low. Resumed Central Bank intervention...
Inflation in Malaysia
In the year 2024, the inflation in Malaysia was 1.83%, compared to 3.14% in 2014 and 2.49% in 2023. It averaged 1.98% over the last decade. For more inflation information, visit our dedicated page.
Malaysia Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Malaysia from 2024 to 2018.
Source: Macrobond.
Malaysia Inflation Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | 0.7 | -1.1 | 2.5 | 3.4 | 2.5 |
| Inflation (CPI, ann. var. %, eop) | 1.0 | -1.4 | 3.2 | 3.8 | 1.5 |
| Inflation (PPI, ann. var. %, aop) | -1.4 | -2.7 | 9.5 | 7.7 | -1.9 |
Inflation stabilizes in April
Latest reading: Inflation came in at 1.4% in April, unchanged from March and remaining at the lowest level since February 2021. Looking at the details of the release, prices for food and non-alcoholic beverages rose at a softer rate; prices for housing and utilities rose at a quicker clip; and transport cost growth broadly stabilized. The trend was unchanged, with annual average inflation coming in at March's 1.8% in April. Lastly, consumer prices rose 0.15% in April over the previous month, after March's flat result.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Malaysian inflation projections for the next ten years from a panel of 32 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable inflation forecast available for Malaysian inflation.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Malaysian inflation projections.
Want to get access to the full dataset of Malaysian inflation forecasts? Send an email to info@focus-economics.com.
Latest Global Inflation News
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Angola: Inflation nears two-year low but remains among fastest in the region in May -
Argentina: Inflation falls to lowest level since March 2021 in May Latest reading: Inflation dropped to 43.5% in May, below April’s 47.3%. May’s result marked the lowest inflation rate since March... -
United States: Inflation rises in May but undershoots expectations Latest reading: Inflation ticked up to 2.4% in May from April’s 2.3%. The reading was slightly above the Fed’s 2.0%... -
Russia: Inflation cools for second straight month but remains above target in May Latest reading: Inflation fell for the second consecutive month in May, coming in at 9.9% (April: 10.2%) and marking the... -
Thailand: Consumer prices drop further in May Latest reading: Consumer prices decreased 0.6% year on year in May, following April’s 0.2% fall. May’s reading represented the largest... -
Taiwan: Inflation declines to lowest level since March 2021 in May Latest reading: Inflation eased to 1.5% in May, below April’s 2.0%. May’s figure marked the weakest inflation rate since March... -
Dominican Republic: Inflation increases to over one-year high in May Latest reading: Inflation rose to 3.8% in May from April’s 3.7%. May’s figure represented the highest inflation rate since November...