Financial News: Malaysia Producer Prices Fall 2.4%

Malaysia Producer Prices Fall 2.4%

11/27/2024 - 01:25:00 (RTTNews)

(RTTNews) - Malaysia's producer prices decreased for the second straight month in October, figures from the Department of Statistics showed on Tuesday.

Producer prices fell 2.4 percent year-on-year in October, following a 2.1 percent drop in September. Further, this was the steepest fall since June 2023.

Among sectors, mining prices declined the most by 17.3 percent from last year, and the price index for manufacturing dropped by 2.6 percent.

On the other hand, prices in the agriculture, forestry, and fishing sectors rose 13.8 percent, and the price index for the utility sector increased 0.8 percent.

On a month-on-month basis, producer prices declined 0.7 percent in October versus a 1.7 percent fall in September.

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