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Asian Economic News

Malaysia PPI Rise For First Time In 2 Years

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

Malaysia's producer prices increased for the first time in two years in September, figures from the Department of Statistics showed Monday.

The producer price index for local production rose 0.4 percent in September, reversing a 0.1 percent slight drop in August.

Among the main industrial sectors, agriculture, forestry & fishing index grew the most by 28.3 percent in September, followed by water supply and electricity & gas with 2.4 percent increase.

In contrast, the index for mining and manufacturing fell by 11.3 percent and 1.1 percent, respectively.

Month-on-month, producer prices went up 1.8 percent in September, faster than prior month's 1.2 percent rise.

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