Inflation Malaysia 2022
Average inflation: 3.4%
Current Inflation
Inflation is high at 3.4%, well above the ECB target.
Peak and Trough
The highest inflation was in August at 4.7%. The lowest inflation was in February at 2.2%.
- Highest month
- August: 4.7%
- Lowest month
- February: 2.2%
- Difference
- 2.5 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Food with an average of 5.7%. The lowest price increase was in Core inflation with an average of 1.7%.
- Highest increase
- Food: 5.7%
- Lowest increase
- Core inflation: 1.7%
Historical Context
Current inflation is 2.1% higher than the 5-year average of 1.3%.
- 5-year average
- 1.3%
- 10-year average
- 2%
- All-time high (2008)
- 5.4%
- All-time low (2020)
- -1.1%
Trend
Inflation shows an upward trend. Compared to 2021, inflation has risen by +0.9 percentage point.
- Change vs. previous year
- +0.9 percentage points
- Largest monthly swing
- August: +2.7 percentage points
ECB Target
Inflation is 1.4% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.40 next year at this inflation rate.
Multi-year trend
Monthly figures 2022
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2021 |
|---|---|---|
| January | 2.3% | +2.5 |
| February | 2.2% | +2.1 |
| March | 2.2% | +0.5 |
| April | 2.3% | -2.4 |
| May | 2.8% | -1.6 |
| June | 3.4% | 0.0 |
| July | 4.4% | +2.2 |
| August | 4.7% | +2.7 |
| September | 4.5% | +2.3 |
| October | 4.0% | +1.1 |
| November | 4.0% | +0.7 |
| December | 3.8% | +0.6 |
| Average | 3.4% |
Data source
Data from WorldBank. Last updated: 06/01/2026.