Consumer prices in Malaysia fell by 1.7 percent year-on-year in November 2020, compared to market consensus and October's figure of a 1.5 percent drop. This was the ninth straight month of deflation and the steepest since June amid ongoing COVID-19 disruption, as prices fell faster for transport (-11.1% vs -10.2% in October), housing (-3.3% vs -3%), and clothing prices (-0.5% vs -0.4%). Meanwhile, cost of restaurants & hotels was flat (vs 0.1 percent in October), with that of furnishings, household equipment and routine maintenance was also unchanged for the second month in a row. Meantime, prices rose further for food (1.4% vs 1.5%), alcoholic beverages & tobacco (at 0.5% vs 0.5%), education (0.6% vs 0.7%), miscellaneous goods & services (2.3% vs 2.8%), and recreation services & culture (0.1% vs 0.2%). On a monthly basis, consumer prices declined by 0.2 percent in November, the first fall in seven months, after a 0.1 percent gain in October. 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 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.