Malaysia Producer Prices Grow the Most in Near 4 Years

Malaysia’s producer prices rose 5.4% yoy in April 2026, picking up from a 1.1% gain in the previous month and marking the second straight month of growth. It was also the fastest increase since August 2022, with producer-level cost pressures intensifying amid mounting disruptions from the war in Iran. The mining sector jumped 53.4% after a 26.5% drop in March, buoyed by a sharp rise in crude petroleum extraction (74.5%). Also, manufacturing prices rebounded (1.1% vs -0.8%), reflecting higher computer, electronic & optical products (3.8%). Further, the agriculture, forestry, and fishing sector bounced back (2.7% vs -5.6%), supported by fishing and perennial crops. Utilities also contributed to the upside, with the water supply index staying elevated (10.8% vs 11.3%), while electricity and gas accelerated (10.6% vs 9.6%).On a monthly basis, producer prices increased 3.2%, slowing from March's 4.1% rise.

Malaysia’s producer prices rose 1.1% yoy in March 2026, ending a twelve-month run of declines and marking the first increase since February 2025. The rebound was largely driven by the mining sector, which surged 26.5% after an 8.5% drop in February, boosted by a sharp rise in crude petroleum extraction (38.5%). Utilities also contributed to the upside, with the water supply index staying elevated (11.3% vs 11.9%), while electricity and gas accelerated notably (9.6% vs 4.7%). In contrast, a decline in manufacturing prices eased (-0.8% vs -2.7%), reflecting persistent drops in coke and refined petroleum products (-3.8%) and food products (-2.8%). The agriculture, forestry, and fishing sector also remained in contraction, albeit at a slower rate (-5.6% vs -8.7%), dragged by an 11.0% fall in perennial crops. On a monthly basis, producer prices rebounded 4.1%, reversing a 0.5% decline in February and pointing to strengthening cost pressures at the producer level.

Malaysia’s producer prices fell 3.4% year-on-year in February 2026, deepening from a 2.9% drop in the previous month and marking the 12th straight monthly decline. The latest reading was also the steepest contraction since last July, as manufacturing costs declined further (-2.7% vs -1.7%), mainly due to sharp decreases in coke & refined petroleum products (-10.6%) and food products (-5.2%). Also, agricultural prices slipped at a faster pace (-8.7% vs -8.3%), driven by a 15.1% drop in perennial crops. Moreover, mining prices continued to contract (-8.5% vs -11.7%), pressured by lower natural gas (-14.2%) and crude petroleum (-6.4%) extraction. In contrast, electricity and gas prices rose at a slightly softer pace (4.7% vs 4.9%), while water supply inflation accelerated (11.9% vs 10.2%). On a monthly basis, producer prices dipped 0.5%, reversing a 0.1% increase in January.