KUALA LUMPUR: The Producer Price Index (PPI) for local production, which measures prices of goods at factory gate, shrank 0.8 per cent year-on-year (y-o-y) in February 2023 against a 1.3 per cent growth in January 2023, the Department of Statistics Malaysia (DoSM) reported today.
Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the contraction was due to the base effect and lower prices of primary commodities.
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