Malaysia Producer Prices Decline Slows In August

Malaysia’s producer prices declined at a softer rate in August, figures from the Department of Statistics showed on Wednesday.

The producer price index fell 2.8 percent year-on-year in August, following a 3.5 percent decrease in July.

Among sectors, prices of mining declined the most by 33.7 percent annually in August. Prices for electricity and gas supply, and manufacturing decreased 1.9 percent and 0.9 percent, respectively.

Meanwhile, prices for agriculture, forestry and fishing grew 15.6 percent and water supply fell 0.7 percent.

On a month-on-month basis, producer prices rose 1.0 percent in August, following a 0.4 percent increase in the preceding month.

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