This statistic shows the average inflation rate in Malaysia from 1987 to 2023, with projections up to 2029. In 2023, the average inflation rate in Malaysia amounted to about 2.49 percent compared to the previous year.

Malaysia's economy is slowly recovering

The inflation rate is the annual rate of increase of a price index, normally the consumer price index over time. If the same item bought today for 1 U.S. dollar is bought again one year from now, but for 1.03 U.S. dollars, then the inflation rate is at 3 percent. Generally, a low inflation rate is sought by every country, and a rate of 3 percent, as is estimated for Malaysia in the next few years, is considered low. However, there was a slight rise in Malaysia’s inflation rate, from close to 2 percent in 2010 to a little over 3 percent in 2011. In 2012, it dropped back down to its normal rate, but future estimates predict a slight increase once again. Perhaps this increase has come from initial worries concerning the country’s slowing economy as the country’s GDP growth slowed from 7.43 percent in 2010 to 5.19 percent in 2011, or its negative budget balance in relation to GDP which was at its recent worst in 2010 at -4.66 percent. At the same time, the country’s national debt was also rising, but predictions show that this trend is reversing. Yet, the economic outlook and inflation rate still appear stable for the future of Malaysia, and the inflation rate is below the global inflation rate. Furthermore, the country’s GDP continues to rise and totaled 326.93 billion U.S. dollars in 2013.

Inflation Rate in Malaysia decreased to 1.50 percent in February from 1.70 percent in January of 2025. This dataset provides - Malaysia Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2023, the consumer price index (CPI) of healthcare in Malaysia was 125.5, an increase from 124.6 in the previous year. The CPI is a measure of the weighted average prices of a basket of consumer goods and services, and is used to identify whether a country is undergoing inflation or deflation.

Inflation rate of Malaysia plummeted by 26.34% from 3.4 % in 2022 to 2.5 % in 2023. Since the 85.17% surge in 2017, inflation rate sank by 35.71% in 2023. Inflation as measured by the consumer price index reflects the annual percentage change in the cost to the average consumer of acquiring a basket of goods and services that may be fixed or changed at specified intervals, such as yearly. The Laspeyres formula is generally used.

This dataset provides values for INFLATION RATE reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Core consumer prices in Malaysia increased 1.80 percent in November of 2024 over the same month in the previous year. This dataset provides - Malaysia Core Inflation Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Cost of food in Malaysia increased 2.50 percent in February of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Malaysia Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Malaysia Core Inflation Nowcast data was reported at 1.832 % in 10 Mar 2025. This records an increase from the previous number of 1.766 % for 03 Mar 2025. Malaysia Core Inflation Nowcast data is updated weekly, averaging 1.892 % from Oct 2020 (Median) to 10 Mar 2025, with 230 observations. The data reached an all-time high of 4.111 % in 09 Jan 2023 and a record low of 0.657 % in 08 Nov 2021. Malaysia Core Inflation Nowcast data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Malaysia – Table MY.CEIC.NC: CEIC Nowcast: Inflation: Core.

In 2023, the consumer price index (CPI) of rice, bread, and other cereals in Malaysia was 123.4. This was an increase from the previous year. The CPI measures the changes in price level of a basket of consumer goods which are bought by households in a country.

Key information about Malaysia Consumer Price Index CPI growth

• Malaysia Consumer Price Index (CPI) growth was measured at 1.7 % YoY in Jan 2025, compared with a rate of 1.7 % in the previous month.
• Malaysia Consumer Price Index growth data is updated monthly, available from Jan 1958 to Jan 2025, with an averaged number of 2.4 % YoY.
• The data reached an all-time high of 24.0 % YoY in Mar 1974 and a record low of -3.4 % YoY in Jan 1959.

Consumer Price Index CPI in Malaysia increased to 132.10 points in February from 131.40 points in January of 2024. This dataset provides the latest reported value for - Malaysia Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, the price index of high-rise houses in Malaysia was 215.1, an increase from 206.1 in the year before. The price index shows the changes in prices during the observed period, as compared to the base value of 100 in 2010.

In 2023, the consumer price index (CPI) of communications was 97.5 in Malaysia, the same as the CPI value in the previous three years. The CPI is a measure of the weighted average prices of a basket of consumer goods and services, and is used to identify whether a country is undergoing inflation or deflation.

Malaysia Inflation Nowcast: Contribution: Foreign Exchange Rates: FX Rate: Spot: BNM: Interbank Noon Middle Rate: Philippine Peso data was reported at 0.173 % in 10 Mar 2025. This stayed constant from the previous number of 0.173 % for 03 Mar 2025. Malaysia Inflation Nowcast: Contribution: Foreign Exchange Rates: FX Rate: Spot: BNM: Interbank Noon Middle Rate: Philippine Peso data is updated weekly, averaging 0.186 % from Oct 2020 (Median) to 10 Mar 2025, with 230 observations. The data reached an all-time high of 11.881 % in 31 Jan 2022 and a record low of 0.000 % in 11 Dec 2023. Malaysia Inflation Nowcast: Contribution: Foreign Exchange Rates: FX Rate: Spot: BNM: Interbank Noon Middle Rate: Philippine Peso data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Malaysia – Table MY.CEIC.NC: CEIC Nowcast: Inflation: Headline.

Inflation Rate in Singapore decreased to 0.90 percent in February from 1.20 percent in January of 2025. This dataset provides - Singapore Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

According to a 2023 survey by Rakuten Insight on inflation in Malaysia, around 68 percent of respondents indicated that they checked prices before buying due to the increase in prices. Moreover, around 53 percent of survey participants admitted they had to cut back on unnecessary expenses.

The house price index in Malaysia reached 216.5 in 2023, an increase of more than twofold compared to the base index of 100 in 2010. The price index, which measures the average change in prices over a period of time, indicated that the value of housing in the country continued to increase every year since 2014. Recovery in the housing market Malaysia’s real estate industry was significantly hit by the COVID-19 pandemic but showed signs of recovery in 2022 when the restrictions were finally lifted. Subsequently, the housing market also signaled a positive recovery, with the transaction value of the residential sector growing by approximately 22 percent in the same year. Going into 2024, despite uncertainties in the global economy, the housing market in Malaysia is likely to experience more growth. Demand for more affordable housing Although the real estate market is recovering and the inflation rate in the country has slowed down, the average price of houses reached nearly 450,000 Malaysian ringgit in 2022, an increase of around 12,000 Malaysian ringgit compared to the previous year. According to a survey conducted in the capital city, Kuala Lumpur, the majority of potential home buyers had a housing budget of less than 250,000 Malaysian ringgit. As of 2024, the Malaysian government already has several low-cost housing schemes catered for the B40 lower-income and M40 middle-income groups. Nevertheless, with the rising residential prices and current cost of living, there will be more demand for affordable housing options among home buyers.

Malaysia Core Inflation Nowcast: Contribution: Foreign Exchange Rates: FX Rate: Spot: BNM: Interbank Noon Middle Rate: Euro data was reported at 0.000 % in 03 Mar 2025. This stayed constant from the previous number of 0.000 % for 24 Feb 2025. Malaysia Core Inflation Nowcast: Contribution: Foreign Exchange Rates: FX Rate: Spot: BNM: Interbank Noon Middle Rate: Euro data is updated weekly, averaging 0.000 % from Oct 2020 (Median) to 03 Mar 2025, with 229 observations. The data reached an all-time high of 38.279 % in 11 Sep 2023 and a record low of 0.000 % in 03 Mar 2025. Malaysia Core Inflation Nowcast: Contribution: Foreign Exchange Rates: FX Rate: Spot: BNM: Interbank Noon Middle Rate: Euro data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Malaysia – Table MY.CEIC.NC: CEIC Nowcast: Inflation: Core.

Malaysia Core Inflation Nowcast: Contribution: Foreign Exchange Rates: FX Rate: Spot: BNM: Interbank Noon Middle Rate: Japanese Yen data was reported at 0.000 % in 10 Mar 2025. This stayed constant from the previous number of 0.000 % for 03 Mar 2025. Malaysia Core Inflation Nowcast: Contribution: Foreign Exchange Rates: FX Rate: Spot: BNM: Interbank Noon Middle Rate: Japanese Yen data is updated weekly, averaging 0.000 % from Oct 2020 (Median) to 10 Mar 2025, with 230 observations. The data reached an all-time high of 25.275 % in 10 Jul 2023 and a record low of 0.000 % in 10 Mar 2025. Malaysia Core Inflation Nowcast: Contribution: Foreign Exchange Rates: FX Rate: Spot: BNM: Interbank Noon Middle Rate: Japanese Yen data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Malaysia – Table MY.CEIC.NC: CEIC Nowcast: Inflation: Core.

Malaysia Inflation Nowcast: Contribution: Commodity Prices: Crude Palm Oil: KLCE: Settlement Price: Current Month Future data was reported at 0.118 % in 10 Mar 2025. This stayed constant from the previous number of 0.118 % for 03 Mar 2025. Malaysia Inflation Nowcast: Contribution: Commodity Prices: Crude Palm Oil: KLCE: Settlement Price: Current Month Future data is updated weekly, averaging 0.188 % from Oct 2020 (Median) to 10 Mar 2025, with 230 observations. The data reached an all-time high of 13.826 % in 11 Dec 2023 and a record low of 0.005 % in 09 Nov 2020. Malaysia Inflation Nowcast: Contribution: Commodity Prices: Crude Palm Oil: KLCE: Settlement Price: Current Month Future data remains active status in CEIC and is reported by CEIC Data. The data is categorized under Global Database’s Malaysia – Table MY.CEIC.NC: CEIC Nowcast: Inflation: Headline.