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Financial News: Malaysia Producer Prices Fall Further

Malaysia Producer Prices Fall Further

07/31/2019 - 00:45:00 (RTTNews)

(RTTNews) - Malaysia's producer price inflation fell further in June, figures from the Department of Statistics showed on Wednesday.

The producer price index declined 1.8 percent year-on-year in June, following a 1.5 percent drop in May.

Among sectors, prices of agriculture, forestry and fishing dropped 9.2 percent and mining fell by 6.4 percent. Prices of water supply and manufacturing decreased by 1.8 percent and 0.8 percent, respectively.

While, electricity and gas supply prices increased by 1.8 percent.

On a month-on-month basis, producer prices declined 0.9 percent in June, after a 0.2 percent rise in the preceding month.

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