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Manufacturing sector is the major component covered in the PPI
The Producer Price Index in 2020 decreased 2.7%
Consumer Price Index fell 1.2% in 2020
Almost 1/3 of CPI weight contributed by Food & Non-Alcoholic Beverages

Producer Price Index Malaysia February 2020

Release Date : Monday 30, March 2020 1200

 

PRODUCER PRICE INDEX (2010=100) BY SECTOR (MSIC 2008)

The Producer Price Index (PPI) local production grew 0.9 per cent in February 2020 to 105.9 as against 105.0 in the same month of the previous year. The increase in the overall index was contributed by the index of Agriculture, forestry & fishing (9.2%), Electricity & gas supply (1.6%) and Manufacturing (0.8%). Meanwhile, the index of Mining & Water supply recorded a decline of 5.2 per cent and 0.8 per cent respectively.

On a monthly basis, the PPI local production decreased 1.3 per cent in February 2020. The decrease was attributed by the decline in the index of Mining (-9.1%), Agriculture, forestry & fishing (-7.3%) and Water supply (-0.6%). However, the index of Electricity & gas supply and Manufacturing rose 0.3 per cent and 0.1 per cent respectively.  [Table 1]

 

Table 1 : Producer Price Index (2010=100) Local Production by Sector (MSIC 2008), Malaysia

 

PRODUCER PRICE INDEX BY STAGE OF PROCESSING

As compared with the same month a year ago, the PPI for local production by stage of processing (SOP) for February 2020 increased 0.9 per cent. This is due to the increase in all stage of processing that is Intermediate materials, supplies & components (1.5%), Finished goods (0.2%) and Crude materials for further processing (0.1%).

As compared to the previous month, the PPI local production by SOP in February 2020 dropped 1.3 per cent. The decline was attributed by the negative changes of index for Crude materials for further processing (-7.5%) and Finished goods (-0.4%). Conversely, the index of Intermediate materials, supplies & components increased 0.6 per cent. [Table 2]

 

Table 2 : Producer Price Index (2010=100), Local Production by Stage of Processing

 

Released by:

DATO' SRI DR. MOHD UZIR MAHIDIN
CHIEF STATISTICIAN MALAYSIA
DEPARTMENT OF STATISTICS, MALAYSIA
 DrUzir_Mahidin    Dr_Uzir

30th March 2020

 

Contact person:

Mohd Yusrizal Ab Razak
Public Relation Officer
Strategic Communication and International Division
Department of Statistics, Malaysia
Tel : +603-8885 7942
Fax : +603-8888 9248
Email : yusrizal.razak[at]dosm.gov.my

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