Malaysia's PPI continues to record high growth in May 2022

KUALA LUMPUR: Malaysia's Producer Price Index (PPI) local production, which measures the costs of goods at the factory gate, remained high in May with a growth of 11.2 per cent year-on-year (y-o-y) compared with 11.0 per cent y-o-y in April 2022, said the Department of Statistics Malaysia (DOSM).

Chief statistician Datuk Seri Dr Mohd Uzir Mahidin attributed the growth to the mining index, which increased 20.6 per cent y-o-y against 18.4 per cent y-o-y in April 2022.