KUALA LUMPUR, Aug 29 — Malaysia’s Producer Price Index (PPI) for local production, which measures the costs of goods at the factory gate, eased to 7.6 per cent year-on-year (y-o-y) in July 2022 from 10.9 per cent y-o-y in June 2022, said the Department of Statistics Malaysia (DOSM).
According to DOSM’s infographic released today, July 2022’s PPI was mainly fuelled by the manufacturing index with 9.9 per cent versus 10 per cent in June 2022.
This was followed by the mining index which increased by 9.0 per cent (June 17.5) and agriculture, forestry & fishing index with -10.3 per cent (June 18.1)
However, last month’s PPI for the water supply as well as electricity and gas supply index recorded an increase of 2.1 per cent and 0.9 per cent respectively.
For the monthly comparison, DOSM said PPI local production posted a decline for two consecutive months to record -2.3 per cent in July (June -0.1) due to agriculture, forestry and fishing index’s double-digit decline of -22.3 per cent (June -9.5 per cent) and mining index decline of -3.6 per cent (June 5.4).
“On the other hand, the manufacturing index increased 0.2 per cent (June 0.7) while the electricity and gas supply index increased by 0.9 per cent and the water supply index decreased by 0.3 per cent.
“In terms of PPI local production by stage processing, crude materials for further processing index incline 1.1 per cent (June 16.9), followed by intermediate materials, supplies and components (12.5 per cent) and finished goods index (2.4 per cent),” said DOSM.
For the monthly comparison, the index of crude materials for further processing declined by 11.5 per cent while the intermediate materials, supplies and components index increased 0.2 per cent, while the finished goods index remained unchanged, it said.
— Bernama
