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Financial News: Malaysia Producer Prices Decline Slows In December

Malaysia Producer Prices Decline Slows In December

01/27/2021 - 02:36:00 (RTTNews)

(RTTNews) - Malaysia's producer prices declined at a softer rate in December, figures from the Department of Statistics showed on Wednesday.

The producer price index fell 2.1 percent year-on-year in December, following a 3.0 percent decrease in November.

Among sectors, prices of mining declined the most by 40.0 percent annually in December and prices for electricity and gas supply fell 1.7 percent.

Meanwhile, prices for agriculture, forestry and fishing grew 23.5 percent. Prices for water supply and manufacturing increased 0.7 percent and 0.2 percent.

On a month-on-month basis, producer prices rose 1.7 percent in December, following a 2.0 percent increase in the preceding month.

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