Chief statistician Mohd Uzir said most PPI sectors saw increases in August 2024, except for the mining sector.
KUALA LUMPUR: Malaysia’s Producer Price Index (PPI), which measures the price changes at the producer level, eased to 0.3% in August 2024, compared with 1.3% in the previous month, according to the Statistics Department.
In a statement, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said this was the lowest rate recorded since February 2024, mainly due to lower primary commodity prices.
He noted that most PPI sectors saw increases in August 2024, except for the mining sector.
The agriculture, forestry, and fishing sectors rose by 2.7% from the preceding year (July 2024: 3.4%), with the perennial crops index increasing by 6.3%.
The manufacturing sector grew by 1% driven by the manufacture of computer, electronic and optical products and food products indices.
Meanwhile, the index of water supply and electricity and gas supply increased by 8% and 1%, respectively. — Bernama
