KUALA LUMPUR, Jan 30 — Malaysia’s Producer Price Index (PPI) rose 3.5 per cent in December 2022 compared to the 3.2 per cent expansion in November, the Department of Statistics...
KUALA LUMPUR, Jan 30 — Malaysia’s Producer Price Index rose 3.5 per cent in December 2022 compared to the 3.2 per cent expansion in November, the Department of Statistics Malaysia reported today.Chief statistician Malaysia Datuk Seri Mohd Uzir Mahidin said all sectors posted an increase except for the agriculture, forestry and fishing sector, which recorded a decrease of 17.5 per cent in December 2022 .
“The mining sector also registered an increase of 3.7 per cent . The water supply and electricity and gas supply sectors recorded an increase of 3.8 per cent and 1.0 per cent, respectively,” he added. “However, intermediate materials, supplies, and components increased by 7.2 per cent in December 2022 owing to the increase in processed fuel and lubricants , supplies and materials and components for manufacturing ,” he said.
“In the first half of 2022, PPI local production accelerated, specifically crude palm oil and crude oil due to the Russia-Ukraine war,” he said.
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