Malaysia's producer price index eases further to 4 pct in October-Xinhua

Malaysia's producer price index eases further to 4 pct in October

Source: Xinhua| 2022-11-30 17:12:45|Editor: huaxia

KUALA LUMPUR, Nov. 30 (Xinhua) -- Malaysia's producer price index (PPI), which measures the prices of goods at factory gate, eased further to record 4 percent in October as compared to 4.9 percent recorded in September, official data showed Wednesday.

The moderate growth in the PPI in October was attributed to a 7.3-percent increase in manufacturing index, the Department of Statistics Malaysia (DOSM) said in a statement.

The rise in this sector was due to a 20-percent increase in the indices of manufacture of coke and refined petroleum products, followed by manufacture of computer, electronic and optical products (6.7 percent), manufacture of food products (5.4 percent) and manufacture of chemicals and chemical products (4.2 percent).

Meanwhile, utility indices recorded an increase of 4.9 percent for the water supply index and 1.2 percent for electricity and gas supply index.

Agriculture, forestry and fishing index, however, slipped 18.2 percent in October, dragged by the growing perennial crops index which fell 28.7 percent.

The mining index also declined by 0.5 percent as extraction of crude petroleum index decreased by 10.6 percent.

For a monthly comparison, PPI for local production increased 0.1 percent in October after recording a decline for four consecutive months.