August producer price index rises 6.7%

  • Business
  • Friday, 29 Sep 2017

KUALA LUMPUR: The Producer Price Index (PPI) rose 6.7% to 106.9 in August 2017 from 100.2 a year earlierr, but was 0.4 point lower compared to the 7.1% increase in July 2017, the Statistics Department said.

The department said in a statement that sectors which showed significant increases during the period included mining (17.6%), manufacturing (6.3%), agriculture, forestry and fishing (3.2%), electricity and gas supply (1.7%) and water supply (0.8%).

On a monthly basis, the PPI for local production increased 0.8% in August after declining over five consecutive months.

It said the increase was driven by various sectors such as mining (2.2%), agriculture, forestry and fishing (1.3%), water supply (0.8%), manufacturing (0.6%) and electricity and gas supply (0.3%). - Bernama
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