Malaysia Average Inflation Rate 2024. The average core inflation rate, which excludes volatile food and energy prices, stood at 1.8% for the same period in 2024, down from 3% in 2023. Malaysia inflation rate outlook, average consumer prices is at 2.00%, compared to 2.00% last year.

This is lower than the long term average of 2.75%. 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.