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Malaysia CPI Rises 1.8% in July, Below Forecast

Created at 17 Aug · 4:09 AM1 source
IN SHORT

Malaysia's consumer price index increased by 1.8% year-on-year in July, falling slightly short of the 1.9% forecast by economists. This marks a decrease from the 1.9% rise observed in June.

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Key Numbers

1.8%Malaysia CPI annual increase in July
1.9%Malaysia CPI annual increase in June
1.9%Forecasted CPI annual increase for July

Who's Involved

Reuters
News agency reporting on Malaysia's CPI data
Economists
Forecasted Malaysia's July CPI increase
Malaysia CPI Rises 1.8% in July, Below Forecast

↳ Why This Matters

The slightly lower-than-expected inflation reading could influence the monetary policy decisions of Bank Negara Malaysia, potentially impacting interest rates and economic growth outlook.

Key facts

  • Malaysia's consumer price index (CPI) increased by 1.8% in July compared to the previous year.
  • This figure was slightly lower than the 1.9% increase predicted by economists in a Reuters poll.
  • The CPI had recorded a 1.9% rise in June.

Malaysia's consumer price index (CPI) saw a year-on-year increase of 1.8% in July, according to government data released on Monday. This figure was marginally below the 1.9% rise that economists had anticipated in a Reuters poll. In the preceding month of June, the CPI had registered a 1.9% increase. The CPI measures the cost of purchasing a constant basket of goods and services by households, with the current reference base period being 2010. The core CPI excludes volatile prices of fresh food and government-administered prices.

Frequently asked questions

Malaysia's consumer price index rose 1.8% year-on-year in July.

No, it was slightly less than the 1.9% increase forecasted by economists.

The CPI rose 1.9% in June.

What Happens Next

01Bank Negara Malaysia's next monetary policy meeting will consider the latest inflation data.
02Future CPI reports will be monitored for sustained inflation trends.

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How It Developed

Malaysia's consumer price index rose 1.8% year-on-year in July.
The July inflation rate was slightly below the 1.9% forecast by economists.
The index had risen 1.9% in June.

Sources

T1
Malaysia's July CPI rises 1.8% y/y, slightly less than forecastReuters
T2
PDF Media Statement May 2022 - dosm.gov.mydosm.gov.my
T2
Consumer Prices | OpenDOSMopen.dosm.gov.my

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