Consumer prices in Malaysia dropped by 1.4 percent year-on-year in December 2020, after declining 1.7 percent in the previous month and in line with market consensus. This was the tenth straight month of deflation but the softest pace since September, amid ongoing COVID-19 disruption, as prices fell softer for both transport (-8.4% vs -11.1% in November), and clothing prices (-0.4% vs -0.5%), while that of housing decreased by 3.3% (the same as in November). Also, cost of restaurants & hotels fell 0.2% (after a flat reading in November), with that of furnishings, household equipment and routine maintenance edged down 0.1%, after being flat in November. Meantime, prices rose further for food (1.4% vs 1.4%), alcoholic beverages & tobacco (0.6% vs 0.5%), education (0.6% vs 0.6%), miscellaneous goods & services (2.2% vs 2.3%), and recreation services & culture (0.2% vs 0.1%). On a monthly basis, consumer prices were up 0.5% in December, the most since July, after a 0.2% fall in November. source: Department of Statistics, Malaysia
Inflation Rate in Malaysia averaged 3.42 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 February of 2021.
Inflation Rate in Malaysia is expected to be 0.80 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 2.00 in 12 months time. In the long-term, the Malaysia Inflation Rate is projected to trend around 1.90 percent in 2022, according to our econometric models.