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September Producer Price Index rises 6%

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PETALING JAYA: Malaysia’s producer price index (PPI) for September 2017 rose by 6% to 108.1 points from 102 points a year ago, according to the Statistics Department.

The department said in a statement today that the highest increase was recorded by the mining index (30.8%), followed by manufacturing (4.7%), agriculture, forestry and fishing (1.5%), electricity and gas supply (1.2%).

Meanwhile, it said the index for water supply decreased by 0.4%.

On a monthly basis, it said the PPI for local production rose by 1.1% in September 2017 compared to August 2017.

“The increase was driven by three sectors namely, mining (10%), agriculture, forestry and fishing (3.3%) and manufacturing (0.2%).

“Meanwhile, the indices for water supply and electricity and gas supply registered decreases by 0.8% and 0.4% respectively,” it said.

The department said the PPI for local production by stage of processing (SOP) rose by 1.1% in September 2017 compared to the previous month.

This was due to increases in the indices for crude materials for further processing (4.2%), intermediate materials, supplies and components (0.5%) and finished goods (0.2%).

Meanwhile, it said the PPI for local production by SOP for September 2017 increased 6% compared with the previous year, fuelled by the index for crude materials for further processing (11%), intermediate materials, supplies and components (6.6%) and finished goods (1%).


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