PETALING JAYA: The consecutive decline in wholesale prices, as measured by the producer price index (PPI), signals that the domestic economy continues to face significant headwinds despite headline inflation – measured through the consumer price index (CPI) – stabilising over the year.
The August PPI, released by the Statistics Department yesterday, showed wholesale prices declined by 2.8% year-on-year (y-o-y), following a 3.8% decrease in July.
