Inflation rate in Malaysia 2024

This statistic shows the average inflation rate in Malaysia from 1984 to 2018, with projections up to 2024. In 2018, the average inflation rate in Malaysia amounted to about 0.97 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.

Malaysia: Inflation rate from 1984 to 2024

Inflation rate compared to previous year
2024*2.29%
2023*2.28%
2022*2.25%
2021*2.22%
2020*2.08%
2019*1.02%
20180.97%
20173.8%
20162.08%
20152.1%
20143.14%
20132.11%
2012 1.66%
2011 3.17%
2010 1.72%
2009 0.6%
2008 5.43%
2007 2.03%
2006 3.62%
2005 3.04%
2004 1.42%
20031.07%
2002 1.79%
2001 1.43%
2000 1.55%
1999 2.73%
1998 5.29%
1997 2.66%
1996 3.48%
1995 3.47%
1994 3.69%
1993 3.55%
1992 4.78%
1991 4.33%
1990 3.04%
1989 2.56%
1988 0.29%
1987 0.74%
1986 0.35%
1985 2.59%
1984 3.9%
Zoomable Statistic: Select the range in the chart you want to zoom in on.
Loading statistic...
You need to log in to download this statistic
Register for free
Already a member?
Log in
Show detailed source information?
Register for free
Already a member?
Log in
Source

Release date

October 2019

Region

Malaysia

Survey time period

1984 to 2018

Supplementary notes

* Estimate.

Figures have been rounded.

Statista Accounts: Access All Statistics. Starting from $708 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$59 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.

Statistics on "Malaysia"

Statista Accounts: Access All Statistics. Starting from $708 / Year
Learn more about how Statista can support your business.