Malaysia: Services producer price index up

KUALA LUMPUR: Malaysia’s services producer price index (SPPI) rose 3.4% year-on-year (y-o-y) to 114.7 points in the first quarter of 2023 (1Q23) from 110.9 points in the same quarter last year as most sub-sectors recorded an increase of prices during the quarter under review.

Chief statistician Datuk Seri Mohd Uzir Mahidin said among the sub-sectors, the accommodation and food and beverage (F&B) service activities increased 8.3% y-o-y in 1Q23 from 8% y-o-y in 4Q22 due to the increase in restaurants and mobile food service activities which rose 9.8%.

“The transportation sub-sector increased 6.5% y-o-y from 5.3% y-o-y in 4Q22 contributed by passenger air transport (up 25.6%),” he said in a statement yesterday.

Mohd Uzir said the arts, entertainment and recreation as well as education sub-sectors inched up 1.1% y-o-y respectively in 1Q23 supported by other amusement and recreation activities (up 1.9%) and secondary education (1.9%) respectively. —Bernama