Malaysia's January PPI narrows to 0.6% - DoSM

KUALA LUMPUR: The fall in Malaysia's Producer Price Index (PPI), which measures the prices of goods at the factory gate, has narrowed, declining a marginal 0.6 per cent in January 2024 versus a negative 1.3 per cent in December 2023, the Statistics Department of Malaysia (DoSM) said.

In a statement today, chief statistician Datuk Seri Mohd Uzir Mahidin attributed the decline mainly to the mining sector's PPI, with a fall that has also narrowed by 1.3 per cent against a 3.4 per cent drop in December 2023, due to a 6.8 per cent drop in the natural gas extraction index.