Inflation In Malaysia Article

Consumer prices were unchanged on a seasonally adjusted basis over the previous month in september below the 0 17 rise logged in august and marking the lowest reading since april. Bank negara malaysia bnm said today malaysia s average headline inflation in 2020 is likely to turn negative due mainly to projections of substantially lower global crude oil prices. Malaysia s consumer price inflation in may was unchanged from april s 0 2 year on year rate.

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This was contrary to the consensus view of an acceleration to 0 3 which makes it the seventh consecutive downside surprise.

Inflation in malaysia article. In a statement today bnm said that going forward the outlook of the country s headline inflation remains significantly affected by global oil and other commodity prices including food as well as evolving. The inflation rate in malaysia showed diversified fluctuations from the year 1973 to 2017 provided by the world bank with the highest inflation reported as 17 3 in 1974 and the lowest as 0 6. The economy has experienced episodes of high 1973 1974 1980 1981 and low 1985 1987 regimes of inflation and was able to contain low and stable inflation during the high economic. Malaysia s consumer price index cpi fell for the seventh straight month in september declining 1 4 from a year earlier government data showed on wednesday.

Malaysia s inflation rate is expected to continue to rise but remain modest in 2020 say analysts who however differ in their views on the extent of the increase. United overseas bank malaysia bhd senior economist julia goh said inflation is expected to continue its steady trend upward as the year progresses despite the government postponing its plan to float fuel pump prices. Another downside cpi miss seventh in a row. Inflation rate in malaysia averaged 3 44 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 consumer prices fall year on year for seventh month running in september. Among others malaysia has a very unique experience in terms of inflation. Maintaining a low and stable inflation rate has become one of the challenges in the macroeconomic management of most countries.