Chief Statistician Datuk Seri Mohd Uzir Mahidin (pic) said the increase in the PPI of local production in November was due to the mining index that surged 71.2%, compared with a 45.8% drop a year earlier.
PETALING JAYA: The producer price index (PPI) for local production in November 2021 increased 12.6%, compared with a 3% decline a year earlier, mainly driven by the surging cost of raw materials.
In a statement, the Statistics Department said this marked the eighth consecutive month that the inflation from the producer’s perspective registered a double-digit increase this year.
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