Producer prices in Malaysia dropped by 2.9 percent year-on-year in November 2018, after a 0.7 percent rise in a month earlier. It marked the eighth decline in producer inflation in this year and the steepest since February, dragged by decreases in cost of agriculture, forestry & fishing (-22.7 percent vs -17.6 percent in October); manufacturing (-1.8 percent vs -0.7 percent), and water supply (-0.1 percent vs -1.0 percent). In addition, cost of mining rose softer (4.5 percent vs 30.6 percent) while cost electricity & gas supply went up faster (1.2 percent vs 1.0 percent). On a monthly basis, producer prices fell 2.8 percent, compared to a 0.3 percent gain in October. Producer Prices Change in Malaysia averaged 2.86 percent from 2002 until 2016, reaching an all time high of 22.50 percent in June of 2008 and a record low of -18.20 percent in July of 2009.
Producer Prices Change in Malaysia is expected to be 2.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Producer Prices Change in Malaysia to stand at 1.60 in 12 months time. In the long-term, the Malaysia Producer Prices Change is projected to trend around 2.50 percent in 2020, according to our econometric models.