Malaysia's PPI 1.3% lower in December 2023 - DoSM

KUALA LUMPUR: Malaysia's Producer Price Index (PPI), which measures the prices of goods at the factory gate, recorded a decrease of 1.3 per cent in December 2023 as compared to a 1.5 per cent contraction in November 2023, the Department of Statistics Malaysia (DoSM) said.

Chief statistician Datuk Seri Mohd Uzir Mahidin said the downtrend was attributed to the mining sector, which fell by 3.4 per cent (November 2023: -4.7 per cent) due to the decline of both extraction of natural gas (-7.8 per cent) and extraction of crude petroleum (-1.9 per cent) indices.