PPI for local production up 11% y-o-y in August

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KUALA LUMPUR: The Producer Price Index (PPI) for local production increased 11.3% year-on-year (y-o-y) in August, compared with negative 2.8% in the same month in 2020, mainly due to a surge in the mining index (51.8%).

In a statement, chief statistician Datuk Seri Mohd Uzir Mahidin said the increase in PPI was also supported by the agriculture, forestry and fishing index which grew 27.6% y-o-y, manufacturing (7.1%), and electricity and gas supply (0.4%).