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.
The story "Malaysia’s producer price index up 1.3pc in July 2024, slows slightly from June, says Stats Dept" has 464 words across 18 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "Malaysia’s producer price index up 1.3pc in July 2024, slows slightly from June, says Stats Dept" was covered 4 days ago by Malay Mail, a news publisher based in Malaysia.
How trustworthy is 'Malay Mail' news outlet?
Malay Mail is a fully independent (privately-owned) news outlet established in 1896 that covers mostly economy and business news.
The outlet is headquartered in Malaysia and publishes an average of 0 news stories per day.
It's most recent story was published 1 days ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
