Malaysia Producer Price Inflation Hits Nearly 5-Year High

Malaysia’s producer prices surged 12.0% year-on-year in September 2026, accelerating from a 10.7% rise in the previous month and marking the seventh straight month of growth. It was also the fastest annual increase since November 2021, amid persistent producer cost pressures due to supply disruptions linked to the Middle East conflict. Manufacturing prices accelerated (9.4% vs 8.8% in August), driven by higher costs for coke and refined petroleum products (35.0%) and computer, electronic, and optical products (12.9%). Mining prices also rose sharply (54.1% vs 41.2%), boosted by stronger growth in crude petroleum extraction (74.2%). Meanwhile, price growth in agriculture moderated (2.9% vs 4.6%), despite an increase in animal production (11.9%). Utility prices also rose at a slower pace, with water supply increasing by 5.5% (vs 7.8%) and electricity and gas by 3.2% (vs. 6.4%). On a monthly basis, producer prices climbed 1.6%, following a 1.0% gain in August.

Malaysia’s producer prices jumped 10.7% year-on-year in August 2026, accelerating from a 9.7% increase in the prior month and marking the sixth straight month of growth. It was also the strongest annual rise since June 2022, amid persistent producer cost pressures linked to supply disruptions from the Middle East conflict. Manufacturing prices quickened (8.8% vs 8.2% in July), driven by higher costs for coke & refined petroleum products (33.5%) and computer, electronic & optical products (12.4%). Mining also gained momentum (41.2% vs 30.5%), boosted by stronger growth in crude petroleum extraction (49.8%). Meanwhile, price growth in agriculture slowed (4.6% vs 7.2%), despite increases in animal production (13.9%). Utilities also expanded at a softer pace, amid slowdown in water supply (7.8% vs 10.2%) and electricity & gas (6.4% vs 6.7%). On a monthly basis, producer prices rose 1.0%, up from 0.6% in July.

Malaysia’s producer prices surged 9.7% year-on-year in July 2026, accelerating from a 9.2% increase in the prior month and marking the fifth straight month of growth. It was also the strongest annual rise since June 2022, amid intensifying producer cost pressures as supply disruptions linked to the Middle East conflict persisted. Manufacturing prices accelerated (8.2% vs 7.2% in June), driven by higher costs for coke & refined petroleum products (30.4%) and computer, electronic & optical products (10.5%). Mining also gained momentum (30.5% vs 29.0%), supported by stronger growth in crude petroleum extraction (39.6%). In contrast, price growth in agriculture slowed (7.2% vs 9.1%), despite increases in animal production (11.3%) and perennial crops (6.2%). Utilities also expanded at a slower pace, although water supply (10.2% vs 12.7%) and electricity & gas (6.7% vs 10.2%) continued to record solid price gains. On a monthly basis, producer prices rose 0.7%, after a 0.6% gain in June.