January Producer Price Index narrows to 0.6%

Chief statistician Mohd Uzir attributed the decline mainly to the mining sector PPI.

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% in January 2024 versus a negative 1.3% in December 2023, the Statistics Department says.

In a statement yesterday, 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% against a 3.4% drop in December 2023, due to a 6.8% drop in the natural gas extraction index.