Malaysia’s producer prices rose 1.1% year-on-year in March 2026, ending a twelve-month streak of declines and marking the first increase since February 2025. The rebound was primarily driven by the mining sector, which jumped 26.5% following an 8.5% fall in February, supported by a sharp rise in crude petroleum extraction (38.5%). Utilities also added upward pressure, with the water supply index remaining elevated (11.3% vs 11.9%), while electricity and gas posted a strong acceleration (9.6% vs 4.7%).
By contrast, manufacturing prices continued to decline, though at a softer pace (-0.8% vs -2.7%), reflecting ongoing drops in prices for coke and refined petroleum products (-3.8%) and food products (-2.8%). The agriculture, forestry, and fishing sector also remained in contraction, albeit less sharply (-5.6% vs -8.7%), weighed down 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 signaling mounting cost pressures at the producer level.
