PETALING JAYA: Malaysia’s Producer Price Index (PPI), which measures price changes at the producer level, went down by 1.8% in November 2005 compared with a 0.1% decrease in October, the Department of Statistics Malaysia reported.
Chief Statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin said, “The agriculture, forestry and fishing sector declined by 9.7%, after a 2.7% increase in the previous month, affected by a double-digit decrease of 16.2% in the growing of perennial crops index.”
At the same time, the mining sector contracted by 7.2%, compared to a decline of 1% in October.
This downturn was attributed to negative changes in both the extraction of natural gas and extraction of crude petroleum indices, which fell by 11.4% and 5.5%, respectively.
The manufacturing sector registered a moderate decline of 0.6%, maintaining the same rate of contraction in the previous month, due to a decline of 6.6% in the manufacture of coke and refined petroleum products index.
In contrast, the electricity and gas supply sector increased by 4.1%, while the water supply sector went up by 10.1%.
On a month-on-month basis, the PPI Local Production contracted by 0.3%, after recording no change in October 2025.
The agriculture, forestry and fishing sector decreased by 4.6% (October: 0.9%) due to a decline in the growing of perennial crops (-7.6%). Similarly, the mining sector went down by 0.8% (October: -4.8%), owing to extraction of natural gas (-1.2%) and extraction of crude petroleum (-0.8%) indices.
Within the utilities sector, water supply and electricity and gas supply sectors declined by 0.8% and 0.2%, respectively.
Conversely, the manufacturing sector recorded a modest increase of 0.3%, maintaining the same rate as in the previous month. The was supported by manufacture of computer, electronic and optical products (1.3%) and manufacture of coke and refined petroleum products (0.4%) indices.
Elaborating on the PPI Local Production by stage of processing, Mohd Uzir said, “All stages of processing posted negative year-on-year changes in November 2025. The crude materials for further processing index declined by 6.2% (October: 1.2%), affected by non-food materials (-8.4%). Meanwhile, the Intermediate materials, supplies and components index decreased by 1.1% (October: -0.2%), due to processed fuel and lubricants (-7.5%).”
At the same time, the finished goods index went down by 0.2% (October: -1.0%), weighed down by capital equipment (-0.1).
On a month-on-month basis, the crude materials for further processing index decreased by 2.7%. In contrast, both intermediate materials, supplies and components and finished goods indices recorded increases of 0.2% and 0.3%, respectively.
A comparison across selected economies showed mixed trends in producer prices in November.
Japan’s PPI rose by 2.7% year-on-year, maintaining a similar pace as in the previous month. In contrast, China remained in producer deflation, with its PPI declining by 2.2%, from a drop of 2.1% in October 2025.
This represented the 38th consecutive month of decline, reflecting sustained price competition amid persistently weak domestic demand.
Similarly, Thailand’s PPI contracted by 1.6%, following a 1.4% decline in the previous month. This marked the ninth straight month of year-on-year negative producer inflation, a similar trend in Malaysia.
Speaking on selected Malaysian commodity prices, Mohd Uzir said, “According to the World Bank, the average Brent crude oil price in November 2025 stood at US$63.61 per barrel, declining from US$64.65 per barrel in the previous month. The decline in global crude oil prices during November 2025 was primarily attributed to a structural imbalance between supply and demand, arising from rising global crude oil output amid moderate growth in demand.
“Meanwhile, Malaysia’s fresh fruit bunch and crude palm oil (CPO) prices also declined in November 2025. Data from the Malaysian Palm Oil Board showed that the average price of CPO decreased to RM 4,089.50 per tonne, down from RM4,412.50 per tonne in October 2025, primarily due to rising palm oil inventories during the month.”
