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Producer Price Index – Local Production, June 2024
Latest Release : 29 July 2024
Upcoming release : 28 May 2025
27 June 2024
Producer Price Index – Local Production, May 2024 28 May 2024
Producer Price Index – Local Production, April 2024 26 April 2024
Producer Price Index – Local Production, March 2024 27 March 2024
Producer Price Index – Local Production, February 2024 27 February 2024
Producer Price Index – Local Production, January 2024 29 January 2024
Producer Price Index – Local Production, December 2023 Show all release archives
Producer Price Index – Local Production, May 2024 28 May 2024
Producer Price Index – Local Production, April 2024 26 April 2024
Producer Price Index – Local Production, March 2024 27 March 2024
Producer Price Index – Local Production, February 2024 27 February 2024
Producer Price Index – Local Production, January 2024 29 January 2024
Producer Price Index – Local Production, December 2023 Show all release archives
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Overview
Malaysia’s Producer Price Index increased by 1.6 per cent in June 2024
- Malaysia’s Producer Price Index (PPI), which
measures the price changes of goods at the producer level, went up by 1.6 per
cent in June 2024 from 1.4 per cent in the previous month.
- All sectors in the PPI Local Production
recorded an increase since March 2024. The Mining sector went up by 4.6 per
cent (May 2024: 6.6%), with the index of Extraction of natural gas increased by
4.6 per cent. The Agriculture, forestry & fishing sector climbed to 3.4 per
cent (May 2024: 1.3%), contributed by the index of Growing of perennial crops
(7.5%). At the same time, the Manufacturing sector increased by 1.1 per cent
(May 2024: 1.0%) due to the Manufacture of computer, electronic & optical
products index (9.2%). For the utility sector, the Water supply index edged up
7.8 per cent, while the Electricity & gas supply index increased by 1.0 per
cent.
- On a monthly basis, PPI marginally declined by
negative 0.1 per cent in June 2024 (May 2024: -0.9%). This was influenced by
the Mining sector which went down by negative 3.4 per cent (May 2024: -5.5%).
At the same time, the Electricity & gas supply index also decreased by
negative 1.1 per cent. Conversely, the Agriculture, forestry & fishing
sector increased by 1.1 per cent (May 2024: -4.6%). The Manufacturing sector
also went up slightly by 0.1 per cent (May 2024: -0.1%), while the Water supply
sector increased by 0.1 per cent.
- All stages of processing recorded an increase
this month. The Finished goods index went up 2.8 per cent, contributed by the
Capital equipment (5.8%) index. In the meantime, the Crude materials for
further processing index increased by 2.6 per cent, attributed to the Non-food
materials index (3.5%). The Intermediate materials, supplies & components
index also inched up 0.7 per cent due to the Materials and components for
manufacturing (2.1%).
- On a monthly basis,
the Finished goods index increased by 0.4 per cent and the Intermediate
materials, supplies & components index went up by 0.2 per cent. Meanwhile,
the Crude materials for further processing
index declined by negative 1.8 per cent.
- PPI recorded an
increase of 1.6 per cent in the second quarter of 2024 (Q1 2024: 0.4%)
contributed by all sectors. The Mining sector went up by 7.1 per cent, followed
by Agriculture, forestry & fisheries (3.4%) and Manufacturing (1.0%)
sectors. In the meantime, Water supply and Electricity & gas supply
increased by 7.9 per cent and 1.2 per cent, respectively. Meanwhile,
quarter-on-quarter showed that, the PPI inched up by 1.1 per cent as compared
to 0.6 per cent in the first quarter of 2024 attributed to all sectors.
Press Statement
Technical Notes / Methodology
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