Producer prices in Malaysia declined by 4.0 percent year-on-year in June 2020, after a 5.5 percent drop in the previous month. This was the fourth straight month of decreases in producer prices, but the smallest since March, dragged down by mining cost (-42.5 percent vs -52.7 percent in May). Also, declines were seen in cost of manufacturing (-1.2 percent vs -0.8 percent), electricity & gas supply (-0.6 percent vs -0.2 percent), and water supply (-1.2 percent vs -1.1 percent). At the same time, cost of agriculture, forestry & fishing accelerated (15.1 percent vs 5.5 percent). On a monthly basis, producer prices rose by 0.6 percent in June, following a 1.2 percent fall in May.
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. This page provides - Malaysia Producer Prices Change- actual values, historical data, forecast, chart, statistics, economic calendar and news. Malaysia Producer Prices Change - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020. source: Department of Statistics, Malaysia
Producer Prices Change in Malaysia is expected to be 2.00 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 3.50 in 12 months time. In the long-term, the Malaysia Producer Prices Change is projected to trend around 2.20 percent in 2021 and 2.50 percent in 2022, according to our econometric models.