Producer prices in Malaysia dropped by 1.9 percent year-on-year in August 2019, the tenth straight month of yearly decline, following a 2.2 percent fall in a month earlier. Cost decreased less for both agriculture, forestry & fishing (-0.9 percent vs -6.5 percent in July) and water supply (-2.6 percent vs -2.8 percent). In addition, prices of electricity & gas supply rose faster (2.2 percent vs 1.5 percent). Meantime, cost declined at a steeper rate for both manufacturing (-1 percent vs -0.9 percent) and mining (-10.9 percent vs -9.9 percent). On a monthly basis, producer prices rose by 0.2 percent in August, swinging from a 0.1 percent fall in July. 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 0.60 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 2.00 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.