PETALING JAYA: Producer price index (PPI) inflation is expected to continue its uptick in the coming months, as higher costs for petroleum, petroleum-derived products, chemicals and liquefied natural gas continue to work their way through the supply chain, although the impact on consumer inflation is expected to be more muted.
OCBC senior Asean economist Lavanya Venkateswaran said the spike in June’s PPI was mostly related to the lagged impact of the Middle East tensions working its way through the supply chain.
