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Malaysia Consumer Price Index – 23 September 2025

August ticks up to 1.3%; 2025 inflation forecast cut to 1.5%

Headline inflation rose 1.3% YoY in August (Jul: 1.2%), matching both house and market expectations

  • Food prices rebounded partly as higher operational costs from the SST expansion filtered through, while water tariff hikes and rising rents pushed up housing. Information and communication costs also climbed.
  • On a MoM basis, CPI held steady at 0.15%.
  • Core inflation accelerated to 2.0% YoY (Jul: 1.8%), jumping 0.37% MoM (Jul: 0.15%) as housing and communication costs spiked.