Malaysia’s producer prices continued to decline in December, though at a slower rate than in the previous month, figures from the Department of Statistics showed Friday.
The domestic producer price index fell 1.6 percent year-over-year in December, following a 3.0 percent decrease in November.
Producer prices for local production dropped 3.4 percent in December from a year ago. Mining index declined the most by 18.4 percent, followed by electricity and gas with 4.9 percent fall.
Meanwhile, the index for water supply and agriculture, forestry & fishing showed an increase of 6.5 percent and 1.8 per cent respectively.
On a monthly basis, producer prices slid 0.5 percent in December after a 0.6 percent decrease in November. It was the second successive monthly drop.
Import prices grew 2.1 percent annually in December and edged up 0.1 percent from the preceding month.
The material has been provided by InstaForex Company – www.instaforex.com