Shoppers (L) pose with Santa CLaus as others (R) take pictures amid Christmas decorations at a shopping mall in Kuala Lumpur on December 18, 2017. Every year as Christmas approaches, shopping malls across Malaysia are decorated with beautiful light displays and offer year-end discounts to lure shoppers. - AFP
KUALA LUMPUR: The Services Producer Price Index (SPPI) compiled by the Department of Statistics Malaysia shows that prices charged by the local services industry increased an average of 0.4% over the last quarter of 2017.
In a press statement, the department said the subsectors that contributed positively to the growth were Arts, Entertainment and Recreation (1%), Accommodation and Food & Beverage Service Activities (0.8%), Transportation (0.3%), Professional (0.3%), and the combined subsectors of Real Estate Activities and Health (0.1%).
On a year-on-year basis, the SPPI recorded an increase of 1.6% with positive growth in Accommodation and Food & Beverage Service Activities (4.2%); Education (2.3%); Health (2.1%); Real Estate Activities (1.6%); Arts, Entertainment and Recreation (0.9%), Professional (0.6%); Transportation (0.4%) and Information & Communication (0.1%).
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