Malaysia Inflation Rate

The inflation rate in Malaysia was recorded at 3.50 percent in March of 2014. Inflation Rate in Malaysia is reported by the Department of Statistics Malaysia. Inflation Rate in Malaysia averaged 3.72 Percent from 1973 until 2014, reaching an all time high of 23.90 Percent in March of 1974 and a record low of -2.40 Percent in July of 2009. In Malaysia, the most important categories in the consumer price index are Food and non-alcoholic beverages (30 percent of total weight) and Housing, water, electricity, gas and other fuels (23 percent of total weight). Others include: Transport (15 percent); Communication (6 percent); Recreation and culture (5 percent) and Furnishings, household equipment and routine household maintenance (4 percent). The remaining components are Restaurants and hotels at 3.2 percent and miscellaneous goods and services at 6.3 percent. This page provides - Malaysia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-23

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.50 3.50 23.90 -2.40 4.06 | 2014/06 1973 - 2014 Percent Monthly
2010=100

TO

Malaysia Inflation Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-22 09:00 AM Malaysia
Inflation Rate YoY
Dec 2013 3.2% 2.9% 3.1% 3%
2014-02-19 09:00 AM Malaysia
Inflation Rate YoY
Jan 2014 3.4% 3.2% 3.3% 2.87%
2014-03-21 09:00 AM Malaysia
Inflation Rate YoY
Feb 2014 3.5% 3.4% 3.5% 3.25%
2014-04-16 10:00 AM Malaysia
Inflation Rate YoY
Mar 2014 3.5% 3.5% 3.5% 3.29%
2014-05-21 10:00 AM Malaysia
Inflation Rate YoY
Apr 2014 3.5% 3.79%
2014-06-18 09:00 AM Malaysia
Inflation Rate YoY
May 2014 3.93%
[+]

Prices Last Previous Highest Lowest Forecast Unit
Inflation Rate 3.50 2014-03-31 3.50 23.90 -2.40 4.06 2014-06-30 Percent [+]
Consumer Price Index (CPI) 109.90 2014-03-15 109.80 109.90 24.30 110.48 2014-06-30 Index Points [+]
GDP Deflator 128.00 2013-11-15 125.00 145.00 97.00 127.09 2014-06-30 Index Points [+]
Import Prices 131.40 2014-02-15 131.20 132.10 98.50 130.89 2014-06-30 Index Points [+]
Producer Prices 129.40 2014-02-15 127.90 130.90 78.30 130.58 2014-06-30 Index Points [+]
[+]


Malaysian Inflation Rate Unchanged in March

Malaysian annual inflation remained steady at 3.5 percent in March of 2014, after accelerating in the previous six months. A slowdown in transport prices was enough to offset higher food, housing and gas prices.

The year-on-year inflation for food and non-alcoholic beverages accelerated to 3.9 percent in March, from 3.8 percent in the previous month, while cost of housing, water, electricity, gas and other fuels rose to 3.6 percent up from 3.5 percent. In contrast, transport cost slowed to 5.1 percent from 5.5 percent. 

Additional upward pressures came from recreation services and culture (+1.6 percent), furnishings and household equipment (+1.1 percent), restaurants and hotels (+4.5 percent), education (+2.3 percent) and health (+2.3 percent). On the other hand, prices fell for communication (-0.5 percent), clothing and footwear (-0.1 percent).

On a monthly basis, the inflation rate increased 0.1 percent in March, down from 0.3 percent recorded in the previous month. Lower costs were recorded for housing, water, electricity, gas and other fuels (0.1 percent compared with 0.7 percent in February), miscellaneous goods and services (0.4 percent from 0.6 percent), recreation services and culture (0 percent from 0.1 percent), furnishings and household equipment (0 percent from 0.2 percent), clothing and footwear (0 percent from 0.1 percent), restaurants and hotels (0.4 percent from 0.6 percent), and education (0.1 percent from 0.5 percent).

Department of Statistics, Malaysia | Isabel Felino | isabel.felino@tradingeconomics.com
4/16/2014 11:33:21 AM

RECENT RELEASES

Malaysian Inflation Rate Rises Further in February
Malaysian annual inflation rate accelerated for the sixth consecutive month to 3.5 percent, the highest in 32 months, due to higher housing utilities and transport cost. Published on 2014-03-21

Malaysia Inflation Rate Edges Up to 27-Month High
In January of 2014, Malaysian annual inflation rate accelerated for the fifth consecutive month to 3.4 percent, the highest rate since October of 2011, due to higher food, transport and electricity prices. Published on 2014-02-19


Inflation Rate | Notes
The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.


RELATED NEWS

Malaysian Inflation Rate Unchanged in March  
Malaysian annual inflation remained steady at 3.5 percent in March of 2014, after accelerating in the previous six months. A slowdown in transport prices was enough to offset higher food, housing and gas prices.
Malaysian Trade Surplus Widens To Highest in Nearly 2 Years  
Trade surplus in Malaysia increased to MYR 10.4 billion in February of 2014, up from MYR 8.2 billion a year earlier. Exports expanded at a double-digit 12.3 percent on the year due to a strong rise in electronic sales, liquefied natural gas products and machinery. Imports increased 9.5 percent.
Malaysian Inflation Rate Rises Further in February  
Malaysian annual inflation rate accelerated for the sixth consecutive month to 3.5 percent, the highest in 32 months, due to higher housing utilities and transport cost.
Malaysia Trade Surplus Widens 94% in January over a Year Earlier  
In the first month of 2014, Malaysian trade deficit increased to MYR 6.4 billion from MYR 3.2 billion a year earlier due to higher trade with China and the European Union.
Malaysian Central Bank Leaves Benchmark Rate on Hold at 3%  
In its March 6th, 2014 meeting, Bank Negara Malaysia left the overnight policy rate unchanged at 3 percent as widely expected, reiterating that a slowdown in domestic spending will contain the inflation rate.
Malaysia Inflation Rate Edges Up to 27-Month High  
In January of 2014, Malaysian annual inflation rate accelerated for the fifth consecutive month to 3.4 percent, the highest rate since October of 2011, due to higher food, transport and electricity prices.
Malaysian GDP Accelerates in Q4 2013  
In the last quarter of 2013, Malaysian economy expanded at a faster pace of 2.1 percent over the previous quarter, up from 1.7 percent in the previous three-month period. Full 2013 growth rate decelerated to 4.7 percent, from 5.6 percent in 2012.
Malaysia GDP Expands 5.1% in Q4 2013  
In the fourth quarter of 2013, Malaysian economy accelerated to an annual growth rate of 5.1 percent, the fastest pace in the last four quarters, supported by private sector demand and an improvement in exports.
Malaysian Trade Surplus Shrinks Slightly in December  
In December of 2013, Malaysian trade surplus decreased slightly top MYR 9.47 billion, from MYR 9.7 billion in November. Yet, compared with the same month last year, the surplus widened from MYR 8.46 billion, as exports surged 14.4 percent.
Malaysia Monetary Policy Unchanged in January  
In its January 29th, 2014 meeting, Bank Negara Malaysia decided to leave the overnight policy rate unchanged at 3 percent, saying that inflationary pressures are expected to be tempered by a slow down in domestic demand.
MORE RELATED NEWS

LATEST NEWS

US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
US Markit Manufacturing PMI Steady in April  
At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March, but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the Manufacturing PMI during April, while the main negative influence on the headline index was a rise in the suppliers’ delivery times component.
Bank of Thailand Leaves Interest Rate Unchanged  
At its April 23rd, 2014 meeting, the Monetary Policy Committee left the benchmark interest rate on hold at 2.0 percent. Policymakers expect 2014 growth to be lower than previous assessed due to prolonged political unrest.
South Africa Inflation Rate Back to 6%  
South African annual consumer prices accelerated for the fourth straight month in March of 2014 to a six-month high 6 percent. On a monthly basis, prices advanced 1.3 percent, the fastest pace in five years.
Singapore Inflation Rate Edges Up in March  
Annual consumer prices rose 1.2 percent in March of 2014, up from a 0.4 percent increase in February, mainly due to a smaller fall in car prices. Contributions from all other major categories, except accommodation, were also slightly higher.
Australia Inflation Rate Accelerates Further in Q1  
Australian annual consumer prices advanced 2.9 percent in the first three months of 2014, up from 2.7 percent in the previous quarter, but below market forecasts. The rise was driven by seasonal increases in cost of healthcare, transport and school fees, and by a large hike in tobacco duties.
Mexico Unemployment Rate Up to 4.8% in March  
Mexican unadjusted jobless rate rose to 4.8 percent in March of 2014, up from 4.65 percent in February and 4.51 percent a year earlier. Upon seasonal adjustment, the unemployment rate rose to its highest in more than one year to 5.25 percent.
Hong Kong Unemployment Rate Unchanged in March  
Hong Kong’ seasonally adjusted jobless rate remained steady at 3.1 percent for the third consecutive period in January to March of 2014, down from 3.5 percent a year earlier.
Hong Kong Inflation Rate Unchanged in March  
Hong Kong annual consumer prices rose 3.9 percent in March of 2014, the same rate recorded in February. In the first quarter of 2014, the inflation rate rose by 4.2 percent over a year earlier. The corresponding increase after netting out the effects of all Government's one-off relief measures was 3.8 percent.
China Cuts Reserve Ratio for Rural Banks  
The People's Bank of China decided to cut the reserve requirement ratio by 2 percentage points for rural commercial banks and by 0.5 percentage point for rural credit cooperatives, aiming to stimulate growth in some parts of the country. The cut will be effective from April 25th, 2014.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News