Malaysia Inflation Rate 1960-2024

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.
  • Malaysia inflation rate for 2023 was 2.49%, a 0.89% decline from 2022.
  • Malaysia inflation rate for 2022 was 3.38%, a 0.9% increase from 2021.
  • Malaysia inflation rate for 2021 was 2.48%, a 3.62% increase from 2020.
  • Malaysia inflation rate for 2020 was -1.14%, a 1.8% decline from 2019.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Inflation Rate (%)
Lebanon 221.34%
Turkey 53.86%
Iran 44.58%
Kazakhstan 14.73%
Serbia 12.37%
Colombia 11.74%
Romania 10.40%
Bulgaria 9.44%
North Macedonia 9.36%
Algeria 9.32%
Azerbaijan 8.79%
Montenegro 8.58%
Samoa 8.12%
Mauritius 7.05%
Jamaica 6.47%
Peru 6.46%
Tonga 6.35%
Guatemala 6.21%
South Africa 6.07%
Namibia 5.88%
Mexico 5.53%
Botswana 5.07%
Belarus 5.00%
Dominican Republic 4.79%
Paraguay 4.63%
Brazil 4.59%
St. Vincent and the Grenadines 4.56%
Belize 4.39%
St. Lucia 4.07%
Gabon 3.63%
Dominica 3.48%
Maldives 2.93%
Guyana 2.82%
Grenada 2.70%
Malaysia 2.49%
Libya 2.37%
Ecuador 2.22%
Jordan 2.08%
Armenia 1.98%
Thailand 1.23%
Costa Rica 0.53%
China 0.23%
Malaysia Inflation Rate - Historical Data
Year Inflation Rate (%) Annual Change
2023 2.49% -0.89%
2022 3.38% 0.90%
2021 2.48% 3.62%
2020 -1.14% -1.80%
2019 0.66% -0.22%
2018 0.88% -2.99%
2017 3.87% 1.78%
2016 2.09% -0.01%
2015 2.10% -1.04%
2014 3.14% 1.04%
2013 2.11% 0.44%
2012 1.66% -1.51%
2011 3.17% 1.55%
2010 1.62% 1.04%
2009 0.58% -4.86%
2008 5.44% 3.41%
2007 2.03% -1.58%
2006 3.61% 0.63%
2005 2.98% 1.55%
2004 1.42% 0.33%
2003 1.09% -0.72%
2002 1.81% 0.39%
2001 1.42% -0.12%
2000 1.53% -1.21%
1999 2.74% -2.53%
1998 5.27% 2.61%
1997 2.66% -0.83%
1996 3.49% 0.04%
1995 3.45% -0.27%
1994 3.73% 0.19%
1993 3.54% -1.23%
1992 4.77% 0.41%
1991 4.36% 1.74%
1990 2.62% -0.20%
1989 2.81% 0.26%
1988 2.56% 2.27%
1987 0.29% -0.45%
1986 0.74% 0.39%
1985 0.35% -3.55%
1984 3.90% 0.19%
1983 3.70% -2.11%
1982 5.82% -3.88%
1981 9.70% 3.03%
1980 6.67% 3.02%
1979 3.65% -1.21%
1978 4.86% 0.07%
1977 4.79% 2.15%
1976 2.63% -1.85%
1975 4.49% -12.84%
1974 17.33% 6.77%
1973 10.56% 7.33%
1972 3.23% 1.62%
1971 1.61% -0.23%
1970 1.84% 2.25%
1969 -0.41% -0.25%
1968 -0.16% -4.73%
1967 4.58% 3.61%
1966 0.97% 1.07%
1965 -0.11% 0.30%
1964 -0.40% -3.51%
1963 3.11% 3.00%
1962 0.11% 0.29%
1961 -0.18% -0.24%
1960 0.06% -0.24%