Production costs in April jump on higher commodities, raw materials prices

Crude palm oil (CPO) prices surged to record highs recently.

KUALA LUMPUR: The Producer Price Index (PPI) for local production jumped 10.6% in April due to the low base effect and continued rise in commodity and raw material prices.

The Statistics Department said on Monday the 10.6% increase was 3.9 points higher than 6.7% in March.