Financial News: Malaysia Producer Prices Fall 2.1%

Malaysia Producer Prices Fall 2.1%

10/28/2024 - 02:21:00 (RTTNews)

(RTTNews) - Malaysia's producer prices decreased for the first time in eight months in September, figures from the Department of Statistics showed on Monday.

Producer prices fell 2.1 percent year-on-year in September, reversing a 0.3 percent increase in August. Further, this was the steepest fall since July 2023.

Among sectors, mining prices declined the most by 16.1 percent from last year, and the price index for manufacturing dropped by 1.5 percent.

On the other hand, prices in the agriculture, forestry, and fishing sectors rose 5.8 percent, and the price index for the utility sector increased 0.3 percent.

On a month-on-month basis, producer prices decreased 1.5 percent in September versus a 0.9 percent fall in August.

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