Thailand
Malaysia: Producer prices fall at slower pace in Dec
KUALA LUMPUR: The Producer Price Index (PPI) for local production declined at a slower rate of 2.1% year-on-year (y-o-y) in December 2020 compared with 3.0% in November 2020.
The Statistics Department said the continuous increase in the index of agriculture, forestry & fishing (23.5%) and the positive change in manufacturing index (0.2%) reinforced the momentum of the overall index.
“The index of water supply also increased 0.7%. However, the mining index and electricity and gas supply index still recorded a decrease of 40% and 1.7%, respectively, ” chief statistician Datuk Seri Dr Mohd Uzir Mahidin (pic) said in a statement yesterday.
He said on a monthly basis, the PPI local production rose 1.7% in December. The increase was supported by the index of mining which recorded a double-digit increase of 13%, followed by agriculture, forestry & fishing (up 4.2%) and manufacturing (up 0.9%).
Meanwhile, electricity and gas supply and water supply declined 0.9% and 0.2%, respectively.
PPI local production for the period of January to December 2020 declined 2.7%, equivalent to the changes for the period of January to November 2020.
The Statistics Department also reported that the PPI local production for the fourth quarter of 2020 declined 2.9% to 103.2 compared to 106.3 in the same quarter of the previous year.
On a quarterly basis, however, the PPI local production increased 2% from 1.2% in the third quarter 2020. — Bernama
Source: https://www.thestar.com.my/business/business-news/2021/01/28/producer-prices-fall-at-slower-pace-in-dec