Malaysia’s producer prices continued to decline August, but at a a slower pace than in the prior month, figures from the Department of Statistics showed Wednesday.
The domestic producer price index fell 5.4 percent year-over-year in August, following a 5.7 percent decrease in July.
Producer prices for local production dipped 8.5 percent annually in August. The highest drop was recorded by Mining index by 40.9 percent, followed by electricity and gas with 9.2 percent.
Monthly, producer prices went down 0.6 percent in August, in contrast to a 0.1 percent slight increase in July. On a seasonally adjusted basis, the index dropped by 0.3 percent.
Meanwhile, import prices grew 0.8 percent in August from a year ago, while edged down 0.1 percent from the preceding month.
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