Inflation Rate In Malaysia 2019

Meanwhile uob malaysia expects inflation to average higher at 2 5 in 2020.

Inflation rate in malaysia 2019. 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. Inflation rate in malaysia averaged 3 45 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. Bank negara malaysia holds rate to all time low in august. In 2019 the average inflation rate in malaysia amounted to about 0 66 percent compared.

Malaysia inflation rate for 2019 was 0 66 a 0 22 decline from 2018. To recap the petrol subsidy programme which was scheduled for implementation in january 2020 has been postponed to a later date following a cabinet decision on dec 18 2019. This page provides malaysia core inflation rate actual values historical data forecast chart statistics economic calendar and news. As malaysia s central bank bank negara malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the malaysian economy.

This statistic shows the average inflation rate in malaysia from 1984 to 2019 with projections up to 2021. At its 10 september meeting the monetary policy committee of bank negara malaysia bnm decided to maintain the overnight policy rate at its all time low of 1 75 amid divided market analysts expectations. During the observation period from 1979 to 2019 the average inflation rate was 3 0 per year. Core inflation rate in malaysia averaged 1 76 percent from 2016 until 2019 reaching an all time high of 3 60 percent in february of 2016 and a record low of 0 20 percent in july of 2018.

The research house s revised inflation forecast for 2020 is 1 7 versus 2 4 previously. Bank negara malaysia holds rate to all time low in august. Development of inflation rates in malaysia the inflation rate for consumer prices in malaysia moved over the past 40 years between 0 3 and 9 7. However he said the 2 0 per cent inflation rate was still considered very low compared with 2017 and the country s inflation rate for 2019 would depend on the global scenario.

If donald trump us president suddenly settles the trade war with china then you will see the stock market and everything flying bouncing back but if trade war escalates then it would be a different story. The laspeyres formula is generally used. Overall the price increase was 224 34.