Latest reading: Consumer prices increased 3.7% on a year-on-year basis in December, following a 3.5% increase in the prior month...
Inflation in Malaysia
Consumer price inflation in Malaysia averaged 2.0% in the ten years to 2024, in line with the ASEAN regional average of 3.0%. The 2024 average figure was 1.8%. For more information on inflation, visit our dedicated page.
Malaysia Inflation Chart
Note: This chart displays Inflation Rate (CPI, annual variation in %) for Malaysia from 2014 to 2025.
Source: Macrobond.
Malaysia Inflation Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Inflation (CPI, ann. var. %, aop) | -1.1 | 2.5 | 3.4 | 2.5 | 1.8 |
| Inflation (CPI, ann. var. %, eop) | -1.4 | 3.2 | 3.8 | 1.5 | 1.7 |
| Inflation (PPI, ann. var. %, aop) | -2.7 | 9.5 | 7.7 | -1.9 | 0.3 |
Inflation picks up in November from October
Latest reading: Consumer prices increased 1.4% in annual terms in November, following a 1.3% rise in the prior month. Relative to the prior month's figures, price pressures were higher for transportation in November (+0.2% on a year-on-year basis vs -0.1% in October). In contrast, price pressures reduced for housing and utilities in November (+0.7% vs +1.1% in October). Finally, the changes in food and non-alcoholic beverages and recreation services and culture were the same as in the prior month (+1.5% and +1.2%, respectively). Lastly, consumer prices were stable in November on a month-on-month basis, following a 0.07% fall in the previous month.
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 34 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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Australia: Inflation picks up in December from November -
New Zealand: Inflation ticks up in Q4 Latest reading: New Zealand’s inflationary pressures strengthened toward the end of 2025, with the annual CPI rising to 3.1% in... -
Japan: Inflation eases to lowest since March 2022 in December Latest reading: Consumer prices were up 2.1% on a year-on-year basis in December, following a 2.9% rise in the prior... -
Croatia: Inflation ebbs in December from prior month Latest reading: Harmonized consumer prices rose 3.8% in annual terms in December, following a 4.3% increase in the prior month.... -
Hong Kong: Inflation rises in December from the prior month Latest reading: Consumer prices were up 1.5% on a year-on-year basis in December, following a 1.2% rise in the previous... -
Canada: Inflation rises in December from November Latest reading: Consumer prices were up 2.4% in annual terms in December, following a 2.2% increase in the previous month.... -
South Africa: Inflation inches up in December Latest reading: Consumer prices were up 3.6% in annual terms in December, following a 3.5% rise in the previous month....