Malaysia's producer price index declines to -1.8% in August 2023

KUALA LUMPUR: Malaysia’s producer price index (PPI) declined to -1.8 per cent in August 2023, an improvement from July’s -2.3 per cent (June: -4.8 per cent), said the Department of Statistics Malaysia.

The decline was led by the mining sector, which slipped to -3.8 per cent (July 2023: -10.8 per cent), with the extraction of crude petroleum index posting a -6.5 per cent in August 2023.