Malaysia’s producer prices declined further in November, and at a faster pace than in the previous month, figures from the Department of Statistics showed Thursday.
The domestic producer price index dipped 3.0 percent year-over-year in November, following a 2.6 percent drop in October. In September, prices had fallen 5.1 percent.
Producer prices for local production decreased 5.3 percent annually in November. The highest fall was recorded in the mining sector by 31.9 percent, followed by electricity and gas with 4.1 percent.
The index for manufacturing sector also slid 2.3 percent, while that for water supply and agriculture, forestry and fishing showed an increase of 5.1 percent and 0.2 percent, respectively.
On a monthly basis, producer prices dropped 0.6 percent in November, reversing a 1.7 percent climb in the preceding month.
Import prices grew at a stable pace of 1.8 percent yearly in November and edged up 0.1 percent from the prior month.
The material has been provided by InstaForex Company – www.instaforex.com