KUALA LUMPUR, Aug 28 — Malaysia’s Producer Price Index (PPI), which measures the price changes of goods at the producer...
Mohd Uzir said looking at selected countries, the United States (US) PPI rose by 2.2 per cent in July against 2.7 in June 2024.“Japan’s PPI continued to increase by 3.0 per cent, from a 2.9 per cent rise in the prior month, driven by further rises in the cost of transport equipment, beverages & food, chemicals and petroleum & coal.“Factory gate prices of goods produced in the United Kingdom also rose by 0.8 per cent, slowing from 1.0 per cent in June 2024, due to the refined petroleum products,” he said, while China’s producer price declined further by 0.8 per cent, similar to the previous month.“Although indicating producer deflation, the latest figure remained the lowest since January 2023 contributed by multiple support measures from the government,” he added.
Meanwhile, the water supply and electricity and gas supply index rose by 9.0 per cent and 0.3 per cent, respectively.
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