Overview
Malaysia’s Producer Price Index rises 0.8 per cent in January 2025
- Malaysia's
Producer Price Index (PPI), increased by 0.8 per cent year-on-year in January
2025, extending the 0.5 per cent rise recorded in December 2024.
- The Agriculture, forestry & fishing sector
recorded an increase of 16.5 per cent year-on-year in January 2025 (December
2024: 23.8%). The Growing of perennial crops index remained the main
contributor, rising by 29.4 per cent. Meanwhile, the Mining sector continued
its downward trend, contracting by 1.3 per cent (December 2024: -7.0%), with
declines recorded in both Extraction of crude petroleum (-1.4%) and Extraction
of natural gas (-1.3%). The Manufacturing sector decreased by 0.6 per cent
(December 2024: -1.0%), mainly influenced by the Manufacture of coke &
refined petroleum products (-5.5%) and Manufacture of computer, electronic
& optical products (-1.9%). In contrast, the Electricity & gas supply
sector recorded a 0.4 per cent increase, while the Water supply sector
continued its upward trend, rising by 7.6 per cent.
- On a month-on-month basis, PPI Local Production
registered a 0.3 per cent increase in January 2025, slowing from 0.8 per cent
in December 2024. The Mining sector rebounded, increasing by 5.3 per cent
(December 2024: -0.2%), led by the Extraction of crude petroleum index (8.7%).
Meanwhile, the Manufacturing sector recorded a slight increase of 0.3 per cent
(December 2024: 0.8%), supported by Manufacture of food products (1.9%) and
Manufacture of chemicals & chemical products (0.7%). In contrast, the
Agriculture, forestry & fishing sector recorded a 3.9 per cent decline
(December 2024: 1.6%), due to Growing of perennial crops (-5.9%) and Fishing (-2.6%)
indices. In the utilities sector, the Water supply sector increased by 1.2 per
cent, while the Electricity & gas supply sector declined by 0.4 per cent.
- The Crude materials for further processing index
recorded a year-on-year increase of 2.4 per cent as compared to 1.9 per cent in
December 2024. This increase was driven by the Non-Food Materials index (3.1%).
The Finished goods index also showed an upward trend, increasing by 1.1 per
cent (December 2024: 0.5%), due to Capital equipment (2.1%). Meanwhile, the
Intermediate materials, supplies & components index edged up 0.2 per cent (December
2024: 0.1%), supported by Materials & components for manufacturing index
(4.4%).
- On a month-on-month basis, the Crude materials for
further processing index recorded a moderate increase of 0.5 per cent in
January 2025, continuing the upward momentum from the previous month. The
Intermediate materials, supplies & components index increased slightly by
0.2 per cent, while the Finished goods index also recorded a 0.2 per cent rise,
indicating steady price movements across all processing stages.
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