KUALA LUMPUR, Aug 28 — The Producer Price Index (PPI), which measures the price changes of goods at the producer level, rose by 1.3 per cent in July after increasing 1.6 per cent in June, said the Statistics Department.
Chief statistician Datuk Seri Mohd Uzir Mahidin said all sectors in PPI local production have risen since March.
“The agriculture, forestry and fishing sector went up by 3.4 per cent (June: 3.4 per cent), with the growing perennial crops index recording an 8 per cent increase.
“The mining sector edged up 2.2 per cent (June: 4.6 per cent), contributed by the rise in the extraction of crude petroleum index (3 per cent),” he said in a statement today.
Likewise, Uzir said the manufacturing sector marginally increased by 0.9 per cent (June: 1.1 per cent) due to computer, electronic and optical products (7 per cent), and food products (1.2 per cent) indices.
Meanwhile, the water supply and electricity and gas supply index rose by 9 per cent and 0.3 per cent, respectively.
Monthly PPI local production fell further by 0.2 per cent in July from -0.1 per cent in June, due to the manufacturing sector, which was down by 0.3 per cent.
Simultaneously, the electricity and gas supply index was also down by negative 0.8 per cent (June: -1.1 per cent).
“Conversely, the agriculture, forestry and fishing sector rose by 1.1 per cent (June: 1.1 per cent) with the growing perennial crops index posting a 2.7 per cent rise.
“The mining sector was up by 0.7 per cent (June: -3.4 per cent), contributed by the extraction of crude petroleum index (2.7 per cent),” he said, adding that the water supply sector also increased by 0.8 per cent from 0.1 per cent in June.
Uzir said, looking at selected countries, the United States’ PPI rose by 2.2 per cent in July against 2.7 per cent in June.
“Japan’s PPI continued to increase by 2 per cent, from a 2.9 per cent rise the month prior, driven by further rises in the cost of transport equipment, beverages & food, chemicals and petroleum and coal.
“Factory gate prices of goods produced in the United Kingdom also rose by 0.8 per cent, slowing from 1 per cent in June, due to the refined petroleum products,” he said, while China’s producer price declined further by 0.8 per cent, similar to the previous month.
“Although indicating producer deflation, the latest figure remained the lowest since January 2023 contributed by multiple support measures from the government,” he added.
— Bernama
