Malaysia’s producer prices declined further in October, though at a slower pace than in the previous month, figures from the Department of Statistics showed Monday.
The domestic producer price index dropped 2.6 percent year-over-year in October, following a 5.1 percent decrease in September. In August, prices had fallen 5.4 percent.
Producer prices for local production slid 4.8 percent in October from a year ago. The highest fall was recorded in the mining sector by 31.4 percent. The index for manufacturing dipped 2.0 percent, while that for water supply and agriculture, forestry & fishing showed an increase of 5.5 percent and 4.3 per cent, respectively.
On a monthly basis, producer prices rose 1.7 percent in October, much faster than the 0.1 percent slight increase in the preceding month. It was the second successive monthly climb.
Import prices grew 1.8 percent yearly in October and it went up 0.7 percent from the prior month.
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