Malaysia’s producer prices fell 1.8% year-on-year in November 2025, accelerating from a 0.1% decline in the previous month and marking the steepest drop since August. The latest reading extended a nine-month streak of contraction, with mining prices slumping (-7.2% vs -1.0% in October), dragged by weaker output of natural gas (-11.4%) and crude petroleum (-5.5%). Manufacturing prices remained soft (-0.6% vs -0.6%), weighed by a 6.6% fall in coke and refined petroleum products. Agriculture, forestry, and fishing swung sharply lower (-9.7% vs 2.7%), pressured by a 16.2% drop in perennial crop production. Meanwhile, inflation in electricity and gas supply eased (4.1% vs 4.3%), and water supply inflation also moderated (10.1% vs 10.8%). On a monthly basis, producer prices slipped 0.3%, following a flat reading in October, underscoring broad weakness across key sectors.