Producer price index rises 6.4pc in June

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KUALA LUMPUR: The Producer Price Index (PPI) for local production rose 6.4% on a year on year basis in June 2017, according to the Statistics Department. 

Among the sectors which showed significant increases during the period were Mining, which increased by 10.2%, Manufacturing, 6.6%; Agriculture, forestry & fishing, 5.0%; and Electricity & gas supply which was up by 0.8%. 

The index for Water supply, however, decreased by 0.7%.

On a monthly basis, PPI for local production was down 1.1% in June 2017 compared to May 2017 due to decreases in four sectors - Mining, Agriculture, forestry & fishing, Manufacturing, and Water supply.

Electricity & gas supply remained unchanged.

The PPI for local production by stage of processing (SOP) declined 1.1% in June 2017 compared to the previous month, due to decreases in the index for Crude materials for further processing, intermediate materials, supplies and components, and Finished goods.

“As compared with the same month a year ago, the PPI for local production by SOP for June 2017 increased 6.4%,” the department said in a statement.

It said the increases were propelled by the index for Intermediate materials, supplies and components, Crude materials for further processing, and Finished goods.