Malaysia's producer price index rises 1.4% in May 2024 - DoSM

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The Star 4d ago

Malaysia's producer price index rises 1.4% in May 2024 - DoSM - The Star

Quick Summary:

KUALA LUMPUR: Malaysia’s Producer Price Index (PPI), which measures the price changes of goods at the producer level, increased by 1.4 per cent year-on-year (y-o-y) in May 2024, from 1.9 in the previous month, said the Department of Statistics Malaysia (DoSM).

In the latest monthly PPI Local Production for May 2024 report, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said all sectors registered an increase in May 2024, similar to the previous month.

In the meantime, the global production of grain in the year 2024/25 is projected to increase to 687 million tonnes, an increase of four per cent, while soybean oil’s production is 422 million tonnes, an increase of six per cent on a yearly basis.