PPI for local production up 11.7% in July

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PETALING JAYA: Malaysia’s Producer Price Index (PPI) for local production increased 11.7% year-on-year (y-o-y) in July 2021, mainly supported by prices of primary commodities, namely, crude oil (64.4%), fresh fruit bunches (FFB) (57.3%) and crude palm oil (42.7%).

The PPI, which measures the costs of goods at the factory gate, rose 11.5% y-o-y in June 2021.