Producer price index up six pct in September

KUALA LUMPUR: The Producer Price Index (PPI) rose by six per cent year-on-year to 108.1 in September from the 102.0 recorded in the same month last year.

However, it was 0.7 of- a- point lower compared to the 6.7 per cent growth recorded in August.

The Statistics Department in a statement yesterday said sectors which showed significant increases included mining ( 30.8 per cent), manufacturing (4.7 per cent), agriculture, forestry and fishing (1.5 per cent) and electricity and gas supply (1.2 per cent).

“Meanwhile, the index for water supply decreased by 0.4 per cent,” it added.

On a monthly basis, the PPI for local production increased by 1.1 per cent in September, driven by the growth in three sectors, namely mining (10 per cent), agriculture, forestry and fishing ( 3.3 per cent) and manufacturing ( 0.2 per cent).

Meanwhile, the indices for water supply and electricity and gas supply decreased by 0.8 and 0.4 per cent respectively. — Bernama