Malaysia Inflation Rate 2024 Bnm. Malaysia inflation rate for 2021 was 2.48% , a 3.62% increase from 2020. Household spending also increased amid sustained positive labour market conditions and larger policy support.

However, the government’s intention to review price controls and fuel subsidies this year will affect the inflation outlook and. This was largely driven by higher housing and utilities inflation at 3.1% (1q 2024: