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Malaysia's producer price index up 1.4 pct in May

KUALA LUMPUR
2024-06-27 15:19

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KUALA LUMPUR, June 27 (Xinhua) -- Malaysia's producer price index (PPI), which measures the price changes of goods at the producer level, increased by 1.4 percent in May as compared to 1.9 percent in the previous month, official data showed Thursday.

The Department of Statistics Malaysia (DOSM) said in a statement that all sectors registered an increase in May.

The mining sector continued to expand by 6.6 percent, while the agriculture, forestry and fishing sector went up slightly by 1.3 percent.

The manufacturing sector also increased further by 1 percent. For the utility sector, the water supply index rose 8.7 percent, while the electricity and gas supply index climbed 1.5 percent.

On a monthly basis, the PPI for local production fell by 0.9 percent. The major sectors experienced a downturn, and this led to a decrease in the overall index this month, the DOSM noted.
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