Producer prices in Malaysia dropped by 1.6 percent year-on-year in February 2019, following a 3.6 percent fall in a month earlier. Prices fell at a slower pace for both manufacturing (-1.3 percent vs -2.3 percent in January) and agriculture, forestry & fishing (-11.6 percent vs -14 percent). Also, cost of mining rebounded (2.4 percent vs -8.4 percent). On the other hand, cost of electricity & gas supply slowed (0.8 percent vs 2.2 percent) and prices of water supply declined further (-2 percent vs -1 percent). On a monthly basis, producer prices rose by 0.6 percent in February, the same as pace as in January. 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 2.50 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 1.90 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.