KUALA LUMPUR: Malaysia’s producer price index (PPI) for November decreased 0.6% to 104.1, the Statistics Department said on Thursday.
In a statement, the department said this was due to the decrease in local production index of 1% and an increase in import price index of 0.1%.
“Year-on-year (y-o-y) comparison showed that the PPI for the domestic economy in November decreased 3% with the local production index dropping 5.3% while the import price index rose 1.8%,” it said.
The department added that the PPI for local production declined 1% to 101.6 in November mainly due to decreases in mining (minus 5.6%), agriculture forestry and fishing (minus 2.3%), electricity and gas (minus 0.9%) and manufacturing (minus 0.3%).
On a yearly basis, the PPI for local production fell 5.3% in November with the mining index recording the highest fall of 31.9%.
The department also said the import price index gained 0.1% to 109.0 in November cersus October and was up 1.8% from a year earlier.
