Producer Prices in Malaysia
Malaysia - Producer Prices
Inflation returns in March
Consumer prices rose 0.2% month-on-month in March, matching February’s figure and largely driven by higher transport prices.
In year-on-year terms, consumer prices rose 0.2% in March, contrasting February’s 0.4% fall but slightly below market expectations. Core inflation—which excludes certain types of fresh food and administered prices of goods and services—was 0.5%, up from February’s 0.3%.
Looking ahead, price pressures should continue to build amid higher oil prices and as the impact of last year’s tax holiday fades. However, inflation will still be mild.
According to Prakash Sakpal, economist at ING: “The persistence of low inflation has brought central bank (BNM) monetary easing back on the table for the next policy meeting on 7 May when we expect a 25 basis point cut in the overnight policy rate to 3.00%.”
Met the why particular Consensus Forecast panelists expect inflation to average 1.4% in 2019 and 2.3% in 2020.
Malaysia - Producer Prices Data
|Inflation (PPI, annual variation in %)||-2.4||1.3||-7.5||-1.1||6.7|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||3.81||0.15 %||May 13|
|Exchange Rate||4.16||0.0 %||May 13|
|Stock Market||1,601||-0.29 %||May 13|
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May 16, 2019
The economy softened in the first quarter of the year, growing 4.5% in annual terms over the same quarter a year earlier.
May 11, 2019
Industrial production grew 3.1% year-on-year in March, up from February’s 1.7% growth and surpassing market analysts’ expectations of a 2.4% outturn.
May 7, 2019
The Monetary Policy Committee (MPC) of Bank Negara Malaysia reduced the overnight policy rate by 0.25 percentage points to 3.00% at its 7 May meeting, the first rate cut in nearly three years.
May 2, 2019
The manufacturing Purchasing Managers’ Index (PMI), which is produced by IHS Markit and Nikkei, ticked up to 49.4 in April from 47.2 in March.
April 24, 2019
Consumer prices rose 0.2% month-on-month in March, matching February’s figure and largely driven by higher transport prices. In year-on-year terms, consumer prices rose 0.2% in March, contrasting February’s 0.4% fall but slightly below market expectations.