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Malaysia Core Inflation Rate

Malaysia's core inflation rate increased to 2.1% in September 2025 from 2.0% in August 2025. This marks the highest rate since October 2023. The rise is attributed to sustained demand in the services sector, strong consumer spending and changes in administered prices and utility tariffs. Malaysia's record low core inflation rate was -0.2% in July 2018 and record high was 4.2% in November 2022.

Monthly Historical Data (2016-2025)

(in %)
Month Core Inflation Rate
Sep 2025 2.1%
Aug 2025 2%
Jul 2025 1.8%
Jun 2025 1.8%
May 2025 1.8%
Apr 2025 2%
Mar 2025 1.9%
Feb 2025 1.9%
Jan 2025 1.8%
Dec 2024 1.6%
Nov 2024 1.8%
Oct 2024 1.8%
Sep 2024 1.8%
Aug 2024 1.9%
Jul 2024 1.9%
Jun 2024 1.9%
May 2024 1.9%
Apr 2024 1.9%
Mar 2024 1.7%
Feb 2024 1.8%
Jan 2024 1.8%
Dec 2023 1.9%
Nov 2023 2%
Oct 2023 2.4%
Sep 2023 2.5%
Aug 2023 2.5%
Jul 2023 2.8%
Jun 2023 3.1%
May 2023 3.5%
Apr 2023 3.6%
Mar 2023 3.8%
Feb 2023 3.9%
Jan 2023 3.9%
Dec 2022 4.1%
Nov 2022 4.2%
Oct 2022 4.1%
Sep 2022 4%
Aug 2022 3.8%
Jul 2022 3.4%
Jun 2022 3%
May 2022 2.4%
Apr 2022 2.1%
Mar 2022 2%
Feb 2022 1.8%
Jan 2022 1.6%
Dec 2021 1.1%
Nov 2021 0.9%
Oct 2021 1.5%
Sep 2021 0.6%
Aug 2021 0.6%
Jul 2021 0.7%
Jun 2021 0.7%
May 2021 0.8%
Apr 2021 0.7%
Mar 2021 0.7%
Feb 2021 0.7%
Jan 2021 0.7%
Dec 2020 0.7%
Nov 2020 0.7%
Oct 2020 0.8%
Sep 2020 1%
Aug 2020 1.1%
Jul 2020 1.1%
Jun 2020 1.2%
May 2020 1.1%
Apr 2020 1.3%
Mar 2020 1.3%
Feb 2020 1.3%
Jan 2020 1.7%
Dec 2019 1.4%
Nov 2019 1.4%
Oct 2019 1.4%
Sep 2019 1.5%
Aug 2019 2%
Jul 2019 2%
Jun 2019 1.9%
May 2019 0.4%
Apr 2019 0.5%
Mar 2019 0.5%
Feb 2019 0.3%
Jan 2019 0.2%
Dec 2018 0.4%
Nov 2018 0.5%
Oct 2018 0.4%
Sep 2018 0.3%
Aug 2018 -0.2%
Jul 2018 -0.2%
Jun 2018 0.1%
May 2018 1.5%
Apr 2018 1.5%
Mar 2018 1.7%
Feb 2018 1.8%
Jan 2018 2.2%
Dec 2017 2.2%
Nov 2017 2.2%
Oct 2017 2.3%
Sep 2017 2.4%
Aug 2017 2.4%
Jul 2017 2.6%
Jun 2017 2.5%
May 2017 2.6%
Apr 2017 2.3%
Mar 2017 2.5%
Feb 2017 2.5%
Jan 2017 2.3%
Dec 2016 2.1%
Nov 2016 2.2%
Oct 2016 2%
Sep 2016 2.1%
Aug 2016 2.2%
Jul 2016 2%
Jun 2016 2.1%
May 2016 2.1%
Apr 2016 2.3%
Mar 2016 3.6%
Feb 2016 3.6%
Jan 2016 3.6%
Malaysia Core Inflation Rate : Definition
Malaysia's core inflation rate measures price changes excluding volatile components like food and fuel. Bank Negara Malaysia calculates it using the Consumer Price Index (CPI) basket, removing 16 specific categories mainly volatile food prices and administered prices, to gauge underlying inflation trends.
Indicator Last Value Prior Value Period
Annual Inflation Rate 1.83% 2.49% 2024
Inflation Rate 1.5% 1.3% Sep'25
Inflation Rate MoM 0.2% 0.1% Sep'25
Producer Price Index (PPI) -2.8% -3.8% Aug'25